Steady growth in global cruise tourism is reaching the South Pacific, and Papua New Guinea is no exception. In 2014 some 22.1m passengers boarded cruise ships, up from 21.3m in 2013, according to the Cruise Lines International Association (CLIA), which forecasts 23m for 2015. One of the fastest-growing source markets is Australia, where...
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Articles & Analysis | Cruise tourism is docking in PNG from The Report: Papua New Guinea 2015
Articles & Analysis | Tourism events in PNG showcase the country from The Report: Papua New Guinea 2015
The capital of Port Moresby is set to undergo a significant transformation, while the country as a whole should be left with a lasting legacy when Papua New Guinea plays host to two recognised sporting events over the next two years. The 2015 Pacific Games took place in the capital in July, and the FIFA U-20 Women’s World Cup is scheduled for...
Articles & Analysis | PNG works to invigorate tourism from The Report: Papua New Guinea 2015
With fewer than 50,000 visitors travelling to Papua New Guinea each year for leisure, according to figures from the PNG Tourism Promotion Authority (TPA), the country is far from a mainstream tourism destination. The sector remains largely undeveloped and is a relatively minor contributor to the overall economy. PNG is a challenging destination...
Interviews & Viewpoints | Andrew Potter, General Manager, Pacific Palms Property: Interview from The Report: Papua New Guinea 2015
With real estate prices in Papua New Guinea gradually coming down, is the country likely to see an end to its property boom?
Articles & Analysis | PNG's contractors are busy preparing for the 2015 Pacific Games from The Report: Papua New Guinea 2015
The construction boom from the Papua New Guinea liquefied natural gas project may be slowing after years of fast growth, but the sector is still in the midst of expansion, led by infrastructure projects ahead of the 2015 Pacific Games. An opportunity to showcase the country’s rapid development and natural beauty, the games prompted major upgrades to stadia and transport...
Articles & Analysis | Affordable housing creates investment opportunities in PNG from The Report: Papua New Guinea 2015
Much like the construction industry, Papua New Guinea’s real estate sector has recorded strong growth in recent years as the nation rolled out its $19bn PNG liquefied natural gas (LNG) project. Rising inflation, as recorded in the country’s consumer price index (CPI) housing category, saw property prices and rental rates spike between 2008 and 2013. This trend continued...