Published on : Tuesday, January 10, 2017
The economy of Palau is expected to grow by 5% this year as per the Asian Development Bank. The island nation is slowly witnessing its strong tourism growth in comparison to other countries in North Pacific. However, the region is more geared toward inviting quality visitors than simply raising its numbers.
In 2015, Palau’s economy grew by 9.4% much above earlier estimation of 6.7%. This growth increased tourist arrivals, particularly from People’s Republic of China in the years 2014 and 2015, respectively.
However, this year government is more focused in making Palau the next high-end ecotourism destination in the world. Tourism is 85% of the major economic drivers in Palau making it a gross domestic product. Nevertheless, this upsurge should be in tandem with its infrastructure which needs immediate attention.
Native residents of this place are bit worried with the huge influx of tourists as they presume this might mar the pristine nature of Palau in the long run. The place has been a Mecca for tourists and government in 2015 tried to reduce the number of Chinese tourist inflow by reducing the number of chartered flights to half.