September 24, 2020

Caribbean Tourism Report Q4 2014

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caribbean_map2New Consumer Goods research report from Business Monitor International is now available from Fast Market Research

The region is returning to sustained growth, with all countries expecting tourist arrivals to increase in 2014 and 2015. However, this is expected to remain below pre-2007 trend growth, with regional arrivals now averaging about 3.0% annual growth. Nonetheless, we expect that improving growth prospects will encourage greater investment in the region, particularly in the hotel sector.

Our tourism report for the Caribbean considers the impact of ongoing global economic uncertainty on the Caribbean tourism industry and how the region’s fiscal issues are affecting its tourism arrivals. Following the decline of the financial services industry after the economic downturn hit in 2007, tourism has increased in importance to Caribbean economies. Although Cuba and Trinidad & Tobago have more diversified economies, the majority of the Caribbean islands are now primarily dependent on tourism as their major source of revenue.

Full Report Details at

www.fastmr.com/prod/888016_caribbean_tourism_report_q4_2014.aspx

The latest data from the Caribbean Tourism Organization (CTO) in July 2014 bears out our positive prognosis for growth across all countries in 2014. Indeed, the CTO is reporting higher growth in Antigua, Belize, the Cayman Islands, Montserrat, Grenada and Haiti for the first half of the year. However, we note that the Caribbean low season begins in June, when hurricane season starts, lasting until October/November. Arrivals are therefore set to be lower in these months, picking up again towards the end of the year.

key forecasts :

* BMI has raised its forecast for total 2014 arrivals to 39.9mn, up from a previous forecast of 38.9mn. This will represent 3.0% year-on-year (y-o-y) growth.

* BMI is forecasting hotels and restaurants industry value to total USD9.0bn in 2014, representing growth of 3.2% y-o-y. Growth is projected to be particularly high in 2015, when it will accelerate to 5.7%.

* BMI is forecasting arrivals from North America to grow by 3.4% in 2014, to 13.1mn. Arrivals from Asia-Pacific will grow…

The Caribbean Tourism Report has been researched at source and features Business Monitor International (BMI)’s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI’s Caribbean Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Barbadian, Bahamian, Jamaican, Trinidadian, Dominican, Grenadian, Guyanese, Cuban, Haitian, Martiniquais, Bermudan, Dominican, Puerto Rican, Antiguan, Barbudan, Anguillan, Aruban, Kittitian, Caymanian, St. Lucian, Montserratian, Turks and Caicos Islands, Vincentian, , British, , U.S., Belizean, Dutch Antillean, , Surinamese tourism industry.

Key Benefits

* Benchmark BMI’s independent tourism industry forecasts for Barbados, Bahamas, Jamaica, Trinidad & Tobago, Dominica, Grenada, Guyana, Cuba, Haiti, Martinique, Bermuda, Dominican Republic, Puerto Rico, Antigua and Barbuda, Anguilla, Aruba, Saint Kitts and Nevis, Cayman Islands, Saint Lucia, Montserrat, Turks and Caicos Islands, St Vincent, Virgin Islands, British, Virgin Islands, U.S., Belize, Netherlands Antilles, Guadeloupe, Suriname to test other views – a key input for successful budgetary and planning in the Barbadian, Bahamian, Jamaican, Trinidadian, Dominican, Grenadian, Guyanese, Cuban, Haitian, Martiniquais, Bermudan, Dominican, Puerto Rican, Antiguan, Barbudan, Anguillan, Aruban, Kittitian, Caymanian, St. Lucian, Montserratian, Turks and Caicos Islands, Vincentian, Virgin Islands, British, Virgin Islands, U.S., Belizean, Dutch Antillean, Guadeloupe, Surinamese tourism market.

* Target business opportunities and risks in the Barbadian, Bahamian, Jamaican, Trinidadian, Dominican, Grenadian, Guyanese, Cuban, Haitian, Martiniquais, Bermudan, Dominican, Puerto Rican, Antiguan, Barbudan, Anguillan, Aruban, Kittitian, Caymanian, St. Lucian, Montserratian, Turks and Caicos Islands, Vincentian, Virgin Islands, British, Virgin Islands, U.S., Belizean, Dutch Antillean, Guadeloupe, Surinamese tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Barbados, Bahamas, Jamaica, Trinidad & Tobago, Dominica, Grenada, Guyana, Cuba, Haiti, Martinique, Bermuda, Dominican Republic, Puerto Rico, Antigua and Barbuda, Anguilla, Aruba, Saint Kitts and Nevis, Cayman Islands, Saint Lucia, Montserrat, Turks and Caicos Islands, St Vincent, Virgin Islands, British, Virgin Islands, U.S., Belize, Netherlands Antilles, Guadeloupe, Suriname.

* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI’s country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

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