In terms of absolute numbers, Tonga ranked 170th in the world in 2019 with a total of 94,000 tourists.
It is clear that smaller nations consistently outperform larger nations in comparison to the total number of visitors. The outcome is a far more comparable image when the number of tourists is compared to the population. This country was rated 48th in the world with 0.89 tourists per person. It held the top spot in Polynesia.
Tonga generated over 47.70 million US dollars in revenue from tourism alone in 2020. This amounts to around 67 percent of all international tourism revenue in Polynesia and 10.17 percent of its gross domestic product.
Contribution of travel and tourism to GDP
The percentage of Tonga’s GDP that travel and tourism contributed to in 2019 was 20.6%. Despite significant fluctuations in recent years, Tonga’s contribution of travel and tourism to GDP (% of GDP) generally increased from 2000 to 2019, reaching 20.6% in 2019.
Revenues from tourism
10.00 million US dollars, or almost 4.8 percent of the GNP, were made through tourism in 1995. This equated to around 33,000 tourists at the time or 303 USD per person. The nation now depends far more on tourism than it did 25 years ago. Sales were $57.10 billion, or 11.15 percent of the GDP, before the COVID-19 pandemic’s onset. As a result, each visitor to Tonga spent, on average, $607 throughout their stay.
Tourism revenue fell precipitously in 2020 as a result of the COVID-19 epidemic. Only $47.70 billion (2019) of the original $57.10 billion were left. This represents a decline in Tonga of 16%.
Start a business in Tonga
In Tonga, opening a business is not as challenging as it would seem. In reality, many business owners who want to launch their own companies in the nation can do so very effortlessly.
The most crucial factor for every business owner in this nation is to have a thorough awareness of the regional market and business environment. A sound plan and strategy should also be in place before you launch your firm.
Before starting your project, do some market and business climate research in the area. You should be ready for any obstacles that may stand in your way.
Make sure you have the funding available before starting your project. This will include both the funds you have set aside for the launch and the funds you have available for marketing and personnel training.
Set up an aggressive marketing strategy right away. You don’t want to neglect your brand-new company in favor of other endeavors. Make sure to develop an efficient marketing plan as soon as you can.
Be ready for unforeseen difficulties when your project is just getting started. Temperature changes, the need to hire expensive equipment, and challenging client relationships are a few examples of these difficulties. Be ready for anything that may arise so that you may continue working on your project with confidence.
Taxation and regulations of businesses
In Tonga, launching a business may be a thrilling and rewarding experience. Before beginning a business, Tonga’s firms must take into account several taxes and laws.
Tonga is a nation with extremely advanced economic conditions. As a result, there are lots of chances for companies to establish themselves and succeed. Starting a business in Tonga, though, might be challenging due to taxes and rules.
It’s crucial to become familiar with the many rules that apply to businesses in Tonga to make the process of opening a business easier. By doing this, you can start strong and steer clear of any unpleasant surprises later.
