Guam may have to borrow additional $52m for tourism expansion

Published on : Monday, October 16, 2017

Guam mayGuam may have to borrow an additional $52 million on the bond market if it wanted to upgrade and expand the tourism experience. This is one of the topics slated to be discussed during Friday’s legislative roundtable meeting, focused on the tourism industry.

“That is the figure we are working around,” Sen. Dennis Rodriguez Jr. said, referring to a proposed $52 million borrowing plan Guam Visitors Bureau board Vice Chairman Monte Mesa brought up during the August membership meeting of the Guam Chamber of Commerce.

Rodriguez, chairman of the Legislature’s Committee on Health, Tourism, Military Affairs and Senior Citizens, said his office is reviewing and completing final work on the proposal.
“The priority projects are capital improvements, ranging from road repairs, development of scenic sites around the island, to name a few,” he said.

The senator said he will use the information from the Oct. 20 roundtable to receive feedback from the community and decide how to proceed with this and all other tourism-related efforts.

Delta Air Lines will stop its flight services to Guam in January 2018, and United Airlines will be reducing its flights to and from some Japanese cities as well as to Manila, all because of low demand.

Visitor arrivals to Guam have also been affected by North Korea’s threats of missile attacks near Guam, industry officials have said.

Rodriguez said it’s crucial that the community understands the strategies that the Guam Visitors Authority and the government have to deal with these recent events.


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