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Economy of Honiara


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Honiara's main thoroughfare, Mendana Avenue. Situated between the Yacht Club and the popular Solomon Kitano Mendana Hotel, its officers provide tourist information and can radio ahead to announce visitors' arrivals to guest houses in the remoter areas. Honiara contains several banks including the Westpac Bank, the ANZ Bank and the National Bank. Honiara has a harbour from which ferries depart to the various provinces. The violence which has plagued Honiara and the islands since the late 1990s has a devastating impact upon the economy due to the fact that virtually all tourist organizations around the world specifically warned tourists wishing to visit the islands to stay away from it, especially in 2002 and 2003 at the peak of the troubles. In 1998 the country earned around $13 million from tourism and just $629,000 in 1999, equating to an average spend per visit of only US$254 (about US$35/day). In 1999, tourism in the city and nation accounted for just 4.38% of the total GDP
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