Destination Market Insights: Caribbean – Analysis of source markets, infrastructure and attractions, and risks and opportunities

2019-01-31
Price :
Published : Jan-2019
No. of Pages : 45

Destination Market Insights: Caribbean – Analysis of source markets, infrastructure and attractions, and risks and opportunities

Summary

The Caribbean is one of the fastest growing destinations in the world. The rapid rise in tourism flows has brought a number of benefits including jobs and incomes. However, given that the nations of the region are among the most tourist dependent countries in the world, there are a number of issues which need to be addressed if growth is to be sustained. From creating unique and diverse tourism offerings, to fostering regional collaboration and investing in infrastructural projects, this report sheds light onto how Caribbean nations can leverage their strengths and capitalize on new trends to ensure the future success of the sector and economic prosperity.

GlobalData’s Destination Market Insight provides in-depth analysis of a tourist destination, in this case for the Caribbean region. The countries included in this report are the Dominican Republic, Cuba, Puerto Rico, Jamaica, the Bahamas, Barbados, Haiti, Guadeloupe, Trinidad and Tobago, St. Lucia, Antigua & Barbuda, Grenada, St Kitts & Nevis, and Dominica.

The report uses regional and country focused analysis to explore inbound tourist markets, infrastructure and attractions, as well as risks and opportunities. The report provides clear insight into current and future tourism developments in the region.

This report is part of GlobalData’s Destination Market Insights Series. These reports provide an in-depth analysis of a tourist destination and its key source markets, as well as an assessment of the trends and issues in the covered destniantion market, in this case the Caribbean.

Scope

– The Dominican Republic, Cuba and Puerto Rico are the leading tourist destinations in the region in terms of international arrivals.
– The travel & tourism industry accounted for 15.2% of the region’s total GDP in 2017, with some island nations of the Caribbean among the most dependent on the industry globally. For example, the total contribution to GDP from travel and tourism in the Bahamas was 47.8% in 2017.
– The countries of the region should focus on improving air connectivity, promote regional collaboration, differentiate their tourism offerings and capitalize on niche tourism segments such as wellness, wedding tourism, and food tourism.

Reasons to buy

– Obtain a clear and detailed insight into new developments in a fast growing tourist destination.
– Use data and analysis to explore future trends related to international arrivals, airlines, niche tourism, and hotel developments.
– Gain a strong understanding of the opportunities in the market, as well as the risks, to support better business decisions.

Filed in: Travel & Tourism
Publisher : GlobalData
More Reports
Title Price Buy Now

The impact of COVID-19 on InterContinental Hotels Group: Case Study

The impact of COVID-19 on InterContinental Hotels Group: Case Study Summary Recent months have been unprecedented in the tourism sector. Travel restrictions, flight suspensions, falling consumer confidence and a slew of negative press are just some of the issues lodging operators are having to contend with. As one of the resorts industry's largest players, IHG has been severely impacted. Key Highlights - The hotel industry has been hit catastrophically with hotels being closed and global travel coming to a halt, upending global travel. Despite IHG only having approximately 15% of its estate closed at the end of April, the financial results showed the impact this had. Q1 showed global RevPAR was down 24.9% with March being the worst month as RevPAR plunged 55%. April was worse with RevP......
$1495

Impact on Consumer Behavior in MEA: COVID-19 Survey Snapshot – Week 6

Impact on Consumer Behavior in MEA: COVID-19 Survey Snapshot - Week 6 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The two countries in scope for Middle East & Africa are South Africa and UAE. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 6. Key Highlights - The latest results in week 6 saw those extremely concerned decrease by 6%. 1st May 2020 saw Sou......
$995

Impact on Consumer Behavior in the Americas: COVID-19 Survey Snapshot – Week 6

Impact on Consumer Behavior in the Americas: COVID-19 Survey Snapshot - Week 6 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The two countries in scope for the Americas are Brazil and the USA. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 6. Key Highlights - Both Americans' and Brazilians' concern about COVID-19 developed at a similar rate. However, wee......
$995

Impact on Consumer Behavior in Europe: COVID-19 Survey Snapshot – Week 6

Impact on Consumer Behavior in Europe: COVID-19 Survey Snapshot - Week 6 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The four countries in scope for Europe are Germany, Italy, Sweden, and the UK. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 6. Key Highlights - General sentiment regarding the impact of COVID-19 in Italy is gradually becoming more posi......
$995

Impact on Consumer Behavior in Asia-Pacific: COVID-19 Survey Snapshot – Week 6

Impact on Consumer Behavior in Asia-Pacific: COVID-19 Survey Snapshot - Week 6 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The three countries in scope for Asia-Pacific are Australia, China and India. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 6. Key Highlights - As China looks towards a ‘new normal', levels of concern have taken their first noted......
$995

The impact of COVID-19 on Las Vegas Sands: Case Study

The impact of COVID-19 on Las Vegas Sands: Case Study Summary Recent months have been unprecedented in the tourism sector. Travel restrictions, flight suspensions, falling consumer confidence and a slew of negative press are just some of the issues lodging operators are having to contend with. As one of the resorts industry's largest players, Las Vegas Sands has been severely impacted. Key Highlights - Las Vegas Sands has taken a major hit in terms of revenue and therefore has seen a slump in profits due to the closure of resorts. In a statement made mid-April 2020, Las Vegas Sands declared net revenues of $1.78 billion (USD) for Q1 2020 ending March 31st , a decrease of 51.1% on the same period the year earlier. - In Q1 2020, The Venetian Macau net revenue dropped by almost 65%. - In......
$1495

Impact on Consumer Behavior in MEA: COVID-19 Survey Snapshot – Week 5

Impact on Consumer Behavior in MEA: COVID-19 Survey Snapshot - Week 5 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The two countries in scope for Middle East & Africa are South Africa and UAE. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 5. Key Highlights - No respondents are not concerned in South Africa. Those extremely concerned about the outbreak ......
$995

Impact on Consumer Behavior in the Americas: COVID-19 Survey Snapshot – Week 5

Impact on Consumer Behavior in the Americas: COVID-19 Survey Snapshot - Week 5 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The two countries in scope for the Americas are Brazil and the USA. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 5. Key Highlights - The majority of Brazilians (72%) and Americans (60%) are influenced by how a product/service inf......
$995

Impact on Consumer Behavior in Asia-Pacific: COVID-19 Survey Snapshot – Week 5

Impact on Consumer Behavior in Asia-Pacific: COVID-19 Survey Snapshot - Week 5 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The three countries in scope for Asia-Pacific are Australia, China and India. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 5. Key Highlights - India continues to stand out as the country that is most concerned about the global ou......
$995

Impact on Consumer Behavior in Europe: COVID-19 Survey Snapshot – Week 5

Impact on Consumer Behavior in Europe: COVID-19 Survey Snapshot - Week 5 Summary GlobalData is carrying out weekly consumer surveys in 11 countries between 25th March and 31st May 2020, to track consumer sentiment and shopping behavior during the Coronavirus (COVID19) pandemic. The sample size is 500 respondents per country, per week. The four countries in scope for Europe are Germany, Italy, Sweden, and the UK. Questions are consistent every week, and cover consumer opinions about COVID-19, buying behavior and product choices and impact of the Coronavirus (COVID19) outbreak on consumers' lifestyle and activities. This report summarizes the key findings from responses in week 5. Key Highlights - According to GlobalData's week 5 COVID-19 consumer survey, Italy and the UK are still by fa......
$995
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy