Resort turns one
16 April, 2018, 12:00 am
THE Fiji Marriott Momi Bay Resort has exceeded expectations, says Fiji National Provident Fund chief executive officer Jaoji Koroi.
While celebrating the five-star resort’s one year anniversary over the weekend, Mr Koroi said the resort performed better than the fund’s previous investments.
“On behalf of the FNPF board and its 417,000 members, I want to convey our heartfelt appreciation for Marriot’s successful first year of operations,” he said.
“It has been a real success story for the fund. Our past hotel opening experience has not been good prior to this.
“Not only do we have to wait for years before we start earning but in some cases we have to reduce the value of our investments.
“But Mariott has indeed broken all records of hotel openings.
“The resort has cash flowed its own operations and paid the owner’s profit in its first month of business.
“It has performed well ahead of its budget within the first year. The first year’s results are better than the third year results of our initial business plan.
“The resort’s budget for the second year is similar to the fifth year of our business plan.
“We will now have to reset our budget and our expectations for the business.”
Resort general manager Silvano Dressino said the bar was set high in the first year of operations for the resort.
“It’s been a really good year for us, for our associates and for the Marriott brand,” he said.
“We have received a lot of positive messages and reviews from our guests and from our business partners about the services that we provide.
“All we can do from here is to maintain that quality service and even improve and make the brand and product even better.”