Although Kiribati is not a top-notch luxury vacation spot, it is one of the few locations on earth where you may find tranquility and total peace of mind among the islands and the locals. It is for adventurers who want to explore the uncharted, for someone who wants to experience different cultures, and for someone who wants to have a simple but fulfilling existence. Travelers should visit Kiribati.
The Gilbert Islands in the west, the Phoenix Islands Protected Area in the middle, and the Line Islands in the east make up the 33 islands that make up Kiribati. At the actual center of the Pacific, where the equator and International Date Line meet, the islands span both sides of the equator. Kiribati is also the only nation in the world with locations in the northern, southern, eastern, and western hemispheres. The Line group of islands is also the first in the world to greet each new day.
Tourism in Kiribati
In terms of absolute numbers, Kiribati received 12,000 visitors in 2019, placing it 196th in the world.
It is clear that smaller nations consistently outperform larger nations in comparison to the total number of visitors. The results are significantly more comparable when the number of visitors is compared to Kiribati’s population. Kiribati was rated 124th in the world with 0.093 tourists per person. It came in sixth in Micronesia.
The tourist industry alone brought in about 5.17 million US dollars to Kiribati in 2017. This is equivalent to 3% of all international tourism revenue received by Micronesia, which accounts for about 2.5 percent of the country’s gross domestic product.
Development of the tourism sector in Kiribati
The number of tourists who are registered to visit Kiribati each year is depicted in the graph below. A tourist is somebody who visits the nation for at least one night but does not stay for more than a year. Business excursions and other non-tourism travel reasons had previously been eliminated from the poll to the extent that it asked about the purpose of the trip. In most nations, the number of persons passing through on the same day, as well as, for example, crew members of ships or flights, are not also considered tourists. Each visit counts again if the same person enters and exits more than once during the same calendar year.
Revenues from tourism
2.00 million USD, or roughly 3.6 percent of the GNP, was generated through tourism in 1995. This was roughly equivalent to 3,900 tourists at the time, or 513 USD per person. The nation’s reliance on tourism has significantly declined during the past 22 years. Sales stood at $5.17 trillion, or 2.7 percent of the GDP, before the COVID-19 pandemic. As a result, each visitor to Kiribati spent, on average, $689 throughout their stay.
The challenges of starting a business in Kiribati
There are numerous difficulties to be overcome while opening a business in Kiribati. Making sure you have a clear understanding of what you want to accomplish is one of the most crucial things to keep in mind when establishing a business. It is crucial to be aware of the dangers before setting out on the road because many things can go wrong while starting a business in Kiribati.
Not considering the legal environment in which their business will function is among the most frequent blunders new entrepreneurs make. Problems with taxation, trademarking, and other legal matters may result from this. It’s also critical to understand the environment in which your company will function.
The startup costs for a business in Kiribati are crucial factors to take into account. It might be challenging to raise capital for a new company, so it’s critical to conduct your research before taking any action. There are hazards, just like with any new endeavor, therefore it’s critical to be ready for them.
Starting a business in Kiribati also involves many other considerations. Finding someone who can assist you with this procedure is one of the most crucial things to accomplish. Since there aren’t many companies in Kiribati that provide support services, this could be challenging.
