Revisiting Tourism Flows To The Caribbean

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Revisiting Tourism Flows To The Caribbean

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Author : Ms.Nicole Laframboise
language : en
Publisher: International Monetary Fund
Release Date : 2014-12-18

Revisiting Tourism Flows To The Caribbean written by Ms.Nicole Laframboise and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-18 with Business & Economics categories.

The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that: (i) tourism arrivals and expenditure are sensitive to both price and income factors in source markets; (ii) price and income elasticities of tourism have declined since 2008; (iii) price elasticity is statistically insignificant for “high-end” destinations; and (iv) the nominal cost of an average one week beach holiday in the Caribbean is higher than in other beach destinations around the world. These results point to the need for structural reforms to raise product quality, cost reduction or containment in “low-end” destinations, including possibly via exchange rates, and an adjustment in aggregate consumption to adapt to the implications of a lower contribution to GDP from tourism.

Revisiting The Potential Impact To The Rest Of The Caribbean From Opening Us Cuba Tourism

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Author : Mr.Sebastian Acevedo Mejia
language : en
Publisher: International Monetary Fund
Release Date : 2017-04-28

Revisiting The Potential Impact To The Rest Of The Caribbean From Opening Us Cuba Tourism written by Mr.Sebastian Acevedo Mejia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-28 with Business & Economics categories.

The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean, facilitating the birth and growth of alternative destinations. Therefore, the apprehension of the Caribbean tourism industry towards a change in US travel policy to Cuba is understandable, but likely unwarranted. The history of tourism in the region has shown that it is possible for all destinations to grow despite large changes in market shares. Our estimations show that liberalizing US-Cuba tourism could result in US arrivals to Cuba of between 3 and 5.6 million, most of it coming from new tourists to the region. We also identify the destinations most at risk of changes in US-Cuba relations.

Revisiting Tourism Flows To The Caribbean

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Author : Ms.Nicole Laframboise
language : en
Publisher: International Monetary Fund
Release Date : 2014-12-18

Revisiting Tourism Flows To The Caribbean written by Ms.Nicole Laframboise and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-18 with Business & Economics categories.

The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that: (i) tourism arrivals and expenditure are sensitive to both price and income factors in source markets; (ii) price and income elasticities of tourism have declined since 2008; (iii) price elasticity is statistically insignificant for “high-end” destinations; and (iv) the nominal cost of an average one week beach holiday in the Caribbean is higher than in other beach destinations around the world. These results point to the need for structural reforms to raise product quality, cost reduction or containment in “low-end” destinations, including possibly via exchange rates, and an adjustment in aggregate consumption to adapt to the implications of a lower contribution to GDP from tourism.

Tourism In The Caribbean

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Author : David Timothy Duval
language : en
Publisher: Psychology Press
Release Date : 2004

Tourism In The Caribbean written by David Timothy Duval and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.

This book brings together a high calibre team of international researchers to provide an up-to-date assessment of the scope of tourism and the nature of tourism development in the Caribbean; past, present and future.

New Perspectives In Caribbean Tourism

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Author : Marcella Daye
language : en
Publisher: Routledge
Release Date : 2008-04-07

New Perspectives In Caribbean Tourism written by Marcella Daye and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-07 with Business & Economics categories.

This volume explores tourism in the Caribbean - one of the most tourism dependent regions of the world - within the context of key currents of Caribbean thought and critique in relation to issues of dependency, postcolonial interactions, race and class as well as identity and culture.

Last Resorts

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Author : Polly Pattullo
language : en
Publisher: Ian Randle Publishers
Release Date : 1996

Last Resorts written by Polly Pattullo and has been published by Ian Randle Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Tourism categories.

For review see: Peter Hulme, in New West Indian Guide / Nieuwe West-Indische Gids, vol. 71, no. 1 & 2 (1997); p. 107-109; Dennis J. Gayle, in The Hispanic American Historical Review, vol. 77, no. 1 (1997); p. 170-171.

Vacation Over

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Author : Rafael Romeu
language : en
Publisher: International Monetary Fund
Release Date : 2008-07-01

Vacation Over written by Rafael Romeu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-01 with Business & Economics categories.

An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market share, but this would be partially offset in the short-run by the redistribution of non-U.S. tourists currently in Cuba. The results also suggest that Caribbean countries have in general not lowered their dependency on U.S. tourists, leaving them vulnerable to this potential change.

Tourism In The Caribbean Basin

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Author :
language : en
Publisher:
Release Date : 1993

Tourism In The Caribbean Basin written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Tourism categories.

Caribbean Tourism

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Author : Caribbean Tourism Research Centre
language : en
Publisher:
Release Date : 1975*

Caribbean Tourism written by Caribbean Tourism Research Centre and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975* with Caribbean Area categories.

Business Of Travel And Tourism In The 21st Century A Caribbean Approach

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Author : Angela B. Cleare
language : en
Publisher: Lulu.com
Release Date : 2016

Business Of Travel And Tourism In The 21st Century A Caribbean Approach written by Angela B. Cleare and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Tourism categories.