The Tourism Authority of Kiribati, in collaboration with the Pacific Tourism Organisation (SPTO), has released its first-ever Kiribati Business Confidence Index (BCI) Report. The report is based on a month-long survey conducted from October 1st to October 31st, capturing the views of local businesses on the impact and benefits of tourism in Kiribati. This comprehensive survey provides a valuable snapshot of the current business climate and offers insights into the opportunities and challenges faced by the tourism sector in Kiribati.
This marks the first time Kiribati has sought the perspectives of local businesses, making it the inaugural BCI report. In the past, Kiribati has gathered insights from international visitors through the International Visitor Survey and has also sought the views of residents. This year, through the Pacific Tourism Data Initiative (PTDI) project coordinated by the SPTO, Kiribati has successfully collected insights from local businesses regarding the tourism sector.
The report highlights several key findings. An overwhelming majority of businesses (82%) expressed a need for customer service training and business growth education, reflecting a keen interest in enhancing their service delivery and expanding operations. Additionally, 12% also mentioned that improved in internet connectivity is also major opportunities for their business.
Improved customer service and natural attractions were also cited as significant opportunities, each garnering interest from 11% of respondents. The importance of networking was equally highlighted, suggesting that businesses see value in building stronger connections within the tourism sector.
The report reveals a broad agreement among businesses, many of whom acknowledge that tourism is a key driver of the Kiribati economy. This consensus highlights the pivotal role tourism plays in supporting local businesses and boosting regional economic growth.
The report also highlights the impact of COVID-19 on businesses. Interestingly, it shows that the majority, 31%, were not significantly affected by the COVID-19 lockdown. This finding underscores the resilience of many local businesses during the pandemic.
Overall, the Kiribati BCI Report serves as a crucial tool for policymakers, stakeholders, and investors. It not only highlights the current state of the tourism industry in Kiribati but also points to the areas where interventions and support can drive growth and sustainability. As Kiribati continues to develop its tourism offerings, the insights from this report will be instrumental in shaping strategies that enhance the sector’s contributions to the national economy and improve the livelihoods of local communities.
The Tourism Authority of Kiribati would like to extend its heartfelt gratitude to the Pacific Tourism Organisation and the New Zealand Ministry of Foreign Affairs and Trade, the Ministry of Tourism, Commerce and Industry, cooperatives, and local businesses in Kiribati for their unwavering support throughout the duration of the survey. Your collaboration and dedication have been instrumental in the successful completion of this significant initiative. Thank you for your continued partnership and commitment to the advancement of tourism in Kiribati.
You can view the Kiribati BCI report here