Journal Staff
Like other islands in the region, Guam continues to experience flat economic activity, driven by a sluggish tourism market recovery and rising costs in recent years.
According to February figures — the last month available from the Guam Visitors Bureau, arrival numbers are down by 55.9% compared to 2019, though additional Korean Airlines flights will fly the Guam-Seoul route from June 1.
In the meantime, two businesses are now facing difficult decisions — one closing its doors, the other downsizing operations.
The Funtastic Park located in the Micronesia Mall was once touted as Guam’s only indoor amusement park. Serving almost two generations of children, the facility closed its doors in April after 27 years.
When the Journal visited the park on April 30, it was already in the process of breaking down its rides and attractions. Toys from its arcade were being sold; some for as little as $1.
The park had a number of promotions during its lifetime like the Fun Club Rewards program, which rewarded children with tickets for every A, B, or C on their report cards.
Goodwind Development Corp. told the Journal that there is nothing that can be shared yet on what its plans are for that space.
The mall is left with two facilities for children — PlayworX and Lollipop Playground.
Another business feeling the effects of the stagnant economy is The Island King Imports.
The wholesaler announced that it would be downsizing and held a liquidation sale at one of its warehouses on April 18.
Included were products ranging from forklifts to Guam1 Beer branded merchandise, CPAP (Continuous Positive Airway Pressure) machines, and commercial generators. mbj