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  • Tourism Market Opportunities in Papua New Guinea

    Papua New Guinea Tourism Investment Guide Page 1

    Papua New Guinea Tourism Promotion Authority

  • Tourism Market Opportunities in Papua New Guinea

    Papua New Guinea - Tourism Investment Guide Page 2

    LIST OF CONTENTS AND TABLES

    LIST OF CONTENTS AND TABLES ..................................................................................................... 2

    FOREWORD ........................................................................................................................................... 4

    1. EXECUTIVE SUMMARY .................................................................................................................. 5

    2. OVERVIEW OF PAPUA NEW GUINEA .......................................................................................... 7 2.1 Introduction ......................................................................................................................................................... 7

    Table 1 Summary of Economic Indicators and Population Statistics ......................................... 9 3. PAPUA NEW GUINEA TOURISM INDUSTRY ............................................................................. 10

    3.1 Overview of Papua New Guinea Tourism Industry ........................................................................................10 Table 2 Total Arrivals: 2005-2010 ............................................................................................10 Table 3 Forecast Arrivals: 2010-2020 .......................................................................................10 Chart 1 Total Annual Visitor Arrivals in Papua New Guinea: 2005-2010 ................................10

    3.2 Government tourism policy ...............................................................................................................................11 3.3 Tourism Products ..............................................................................................................................................12

    3.3.1 Primary Product Segments ...................................................................................................................12 3.3.2 Secondary Product Segments ...............................................................................................................13

    Summary 1 Summary of Tourism Products .....................................................................................15 3.4 Travel Accommodation .....................................................................................................................................16 3.5 Transportation ...................................................................................................................................................17

    Table 4 Air Nuiginis International Destinations .......................................................................17 Table 5 Airlines PNGs International Destinations ...................................................................18

    3.6 Tourism Segments ..............................................................................................................................................19 4. ANALYSIS OF TOURISM ARRIVALS .......................................................................................... 23

    4.1 Purpose of Visit ..................................................................................................................................................23 Table 6 Arrivals by Purpose of Visit: 2005-2010 ......................................................................23 Table 7 Forecast Arrivals by Purpose of Visit: 2010-2020 ........................................................23 Chart 2 Arrivals by Purpose of Visit: 2003-2012 ......................................................................24

    4.2 Modes of Transport ...........................................................................................................................................25 Chart 3 Arrivals by Mode of Transport: Air and Sea transport, 2008 and 2012 ........................26

    4.2.2 Air Travel .............................................................................................................................................26 4.2.3 Sea Travel ............................................................................................................................................27

    4.3 Main Source Markets ........................................................................................................................................28 Chart 4 Arrivals by Country of Origin 2010 .............................................................................28

    5. PAPUA NEW GUINEA INVESTMENT CLIMATE ......................................................................... 31 5.1 General Investment Requirements ...................................................................................................................31

    5.1.1 The Investment Promotion Authority ....................................................................................................31 5.1.2 Types of Companies .............................................................................................................................32 5.1.3 Incorporation of a Company ................................................................................................................33 5.1.4 Taxes and Duties ..................................................................................................................................33

    Table 8 Income Tax Rates for Resident Individuals effective since 1 January 2009 .................35 Table 9 Income Tax Rates for Non-Resident Individuals effective since 1 January 2009 .........35

    5.1.5 General Investment Incentives .............................................................................................................37 5.2 Legislation on Labour and Employment .........................................................................................................38

    5.2.1 Residency and Employment Visas ........................................................................................................39 5.2.2 Work Permits ........................................................................................................................................39 5.2.3 Wages ...................................................................................................................................................40

    5.3 Regulations for Foreign Companies .................................................................................................................41 5.3.1 Registration and Certification ..............................................................................................................41

  • Tourism Market Opportunities in Papua New Guinea

    Papua New Guinea - Tourism Investment Guide Page 3

    5.3.2 Foreign Exchange Control ...................................................................................................................41 5.3.3 Land Dealings and Implications for Investors .....................................................................................44 5.3.4 Investment Protection and Guarantees ................................................................................................44

    5.4 Incentives for Tourism Investment ...................................................................................................................45 6. INVESTMENT OPPORTUNITIES IN PAPUA NEW GUINEA TOURISM ..................................... 50

    6.1 Analysis of Key Trends and Developments in Papua New Guinea Tourism Industry .................................50 6.1.1 Hospitality ............................................................................................................................................50 6.1.2 Transportation......................................................................................................................................52 6.1.3 Food and Beverages .............................................................................................................................54 6.1.4 Tourist Attractions ...............................................................................................................................55 6.1.5 Travel Retail Services and Infrastructure.............................................................................................57

    6.2 Analysis of Investment Opportunities in Papua New Guinea Tourism .........................................................59 6.2.1 Macro-environmental Analysis (PESTEL Framework) ........................................................................59 6.2.2 Sources of Comparative Advantage .....................................................................................................61 6.2.3 Development Prospects for Tourism Products .....................................................................................62 6.2.4 Potential Target Tourism Segments .....................................................................................................64 6.2.5 Papua New Guinea Tourism Investment Opportunities .......................................................................66

    LIST OF CONTACTS ........................................................................................................................... 71

    APPENDIX ............................................................................................................................................ 72 Appendix I: List of Business Activities Re