CNM business representatives have asked the Legislature to appropriate $1 million to start promotional activities for China market.<\/p>\n
House Speaker Benigno R. Fitial said yesterday that a newly organized business group called G-10, representing 10 businesses in the CNMI, has met with House members to discuss strategies in promoting the Commonwealth in view of the scheduled pullout of Japan Airlines on Oct. 1.<\/p>\n
During the meeting, he said, the group recommended that the Legislature come up with $1 million for the China market.<\/p>\n
\u201cThey need that to start up the campaign,\u201d said Fitial.<\/p>\n
Based on the plan, the funding would be given to the Marianas Visitors Authority.<\/p>\n
G-10 is co-chaired by Duty Free Shoppers president Marian Aldan-Pierce and Tan Holdings executive vice president Jerry Tan. The group represents 10 business sectors including the hotels, banking, airlines, restaurants, and others.<\/p>\n
The group\u2019s meeting with the lawmakers on Tuesday centered on the prospects of the CNMI tourism industry in view of JAL\u2019s departure in October.<\/p>\n
The group discussed the June 2005 report by the Economist.com, which showed that the CNMI would lose as much as $216.2 million in economic output annually without JAL.<\/p>\n
The assessment showed a worst-case scenario, which is a loss of 2,550 jobs and $38.8 million in personal income annually. This projection was based on a scenario where none of the passenger traffic currently brought in by JAL would be picked up by other carriers.<\/p>\n
JAL brings about 155,865 passengers to the CNMI annually.<\/p>\n
The government said the JAL pullout would result in $80 million to $100 million in losses across the community, based on a projection of a 45-percent decline in the number of Japanese tourists.<\/p>\n
Northwest Airlines earlier announced that it would launch its Osaka flights to Saipan daily beginning Oct. 1.<\/p>\n
Meantime, MVA has received $1 million appropriation this year for Japan market.<\/p>\n
MVA said that about 400,000 tourists from Japan arrive in the CNMI every year, representing nearly 75 percent of the CNMI’s tourism market.<\/p>\n","protected":false},"excerpt":{"rendered":"
CNM business representatives have asked the Legislature to appropriate $1 million to start promotional activities for China market.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93194","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/93194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=93194"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/93194\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=93194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=93194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=93194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}