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Thursday, November 14, 2024
CEOWORLD magazine - Latest - Tech and Innovation - Superyacht Owners Love Fiji’s Vacation in Paradise (VIP) Blue Lanes initiative

Tech and Innovation

Superyacht Owners Love Fiji’s Vacation in Paradise (VIP) Blue Lanes initiative

Luxury Superyacht

Offered by the Fijian government to superyachts who long to “escape the COVID-19 pandemic in paradise”, the Vacation in Paradise (VIP) Blue Lanes initiative allows megayachts that meet requirements to enter into Port Denarau Marina in Nadi. The VIP Blue Lane allows very high net worth individuals to come into Fiji through their private jets, get into their superyachts and travel with a quarantine boat that moves around with them.

Superyacht owners entering Fiji through the VIP Blue Lane initiative spend an average of $250,000 during their stay at Port Denarau Marina. Port Denarau Marina chief executive officer Cynthia Rasch explained the travel initiative allowed high net worth individuals to travel to Fiji and escape the COVID-19 global pandemic for a few months.

“A superyacht is 24 metres and above and anything that is below is a smaller vessel,” she said. “A smaller vessel brings in an average of $60,000 to $70,000 for roughly a 120 to 160 odd days they spend in Fiji and a superyacht spends about 60 to 80 days in Fiji and they spend an average of $250,000.

“So they bring in a lot of money and these are very high net worth individuals.” “I’ve had people calling in asking ‘can I come in without going through the quarantine’ or those just willing to come in and saying ‘where do I sign’.

More details on the Vacation in Paradise (VIP) Blue Lanes initiative.


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CEOWORLD magazine - Latest - Tech and Innovation - Superyacht Owners Love Fiji’s Vacation in Paradise (VIP) Blue Lanes initiative
Sophie Ireland
Sophie is currently serving as a Senior Economist at CEOWORLD magazine's Global Unit. She started her career as a Young Professional at CEOWORLD magazine in 2010 and has since worked as an economist in three different regions, namely Latin America and the Caribbean, Africa, East Asia, and the Pacific. Her research interests primarily revolve around the topics of economic growth, labor policy, migration, inequality, and demographics. In her current role, she is responsible for monitoring macroeconomic conditions and working on subjects related to macroeconomics, fiscal policy, international trade, and finance. Prior to this, she worked with multiple local and global financial institutions, gaining extensive experience in the fields of economic research and financial analysis.


Follow her on Twitter, Facebook, Instagram, or connect on LinkedIn. Email her at sophie@ceoworld.biz.