This was outlined in the Samoa Tourism Authority's annual report for financial year 2020.
A major concern is the industry's existing loans turning into non-performing loans of more than WST$200 million.
Financial year 2020 is arguably the most challenging to date for the Samoa Tourism Authority with overall visitor expenditures decreasing and declined.
The report said the total credit to the private sector as reported is approximately WST$2.02 billion at end of December 2019 with at least 13 percent or WST$260 million outstanding debts for tourism businesses.
