The Rarotongan Beach Resort is a popular tourist destination located in the Cook Islands. It boasts of an idyllic location, stunning views, and excellent amenities. However, one question that often comes up when people plan to visit the resort is – who owns it?
Ownership Details
The Rarotongan Beach Resort is owned by Cook Islands Tourism Corporation (CITC). CITC is a state-owned enterprise that was established by the Cook Islands government in 1995. Its primary aim is to promote tourism in the country and manage various tourism-related projects.
History of Ownership
The history of ownership of the Rarotongan Beach Resort dates back to 1977 when it was built by John Williams. At that time, it was known as The Rarotongan Hotel. In 1981, Williams sold the hotel to Aitutaki Enterprises Ltd, a company owned by Sir Thomas Davis.
In 1993, CITC purchased a 50% stake in Aitutaki Enterprises Ltd, which gave it partial ownership of The Rarotongan Hotel. Two years later, CITC acquired the remaining 50% stake, becoming the sole owner of the hotel.
The Role of CITC
As mentioned earlier, CITC’s primary role is to manage tourism-related projects in the Cook Islands. It operates several hotels and resorts throughout the islands and promotes tourism through various marketing campaigns.
With regards to The Rarotongan Beach Resort, CITC has been instrumental in its development and growth over the years. It has invested heavily in upgrading facilities and improving services to meet the changing needs of tourists.
Future Plans
In recent years, there have been talks about CITC’s plans to sell off some of its assets, including The Rarotongan Beach Resort. However, there has been no official confirmation of this yet, and it remains to be seen what the future holds for the resort.
Regardless of who owns the resort in the future, it is clear that CITC has played a significant role in its success. Its commitment to promoting tourism in the Cook Islands has been instrumental in making The Rarotongan Beach Resort one of the most sought-after destinations in the region.
In conclusion, CITC is the proud owner of The Rarotongan Beach Resort. Its investment in the resort’s development and growth has been critical to its success.
As tourists continue to flock to this beautiful destination, it is clear that CITC’s efforts have paid off. Whether or not the resort changes hands in the future, its legacy as a premier tourist destination will live on.
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