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Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism

2017-04-28 Business & Economics
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Release : 2017-04-28
Genre : Business & Economics
Kind : eBook
Book Rating : 758/5 ( reviews)

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Book Synopsis Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism by : Mr.Sebastian Acevedo Mejia

Download or read book Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism written by Mr.Sebastian Acevedo Mejia. This book was released on 2017-04-28. Available in PDF, EPUB and Kindle. Book excerpt: 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 the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism

2017-04-28 Business & Economics
Download Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism PDF Online Free

Author :
Release : 2017-04-28
Genre : Business & Economics
Kind : eBook
Book Rating : 727/5 ( reviews)

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Book Synopsis Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism by : Mr.Sebastian Acevedo Mejia

Download or read book Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism written by Mr.Sebastian Acevedo Mejia. This book was released on 2017-04-28. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Vacation Over

2008-07-01 Business & Economics
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Release : 2008-07-01
Genre : Business & Economics
Kind : eBook
Book Rating : 205/5 ( reviews)

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Book Synopsis Vacation Over by : Rafael Romeu

Download or read book Vacation Over written by Rafael Romeu. This book was released on 2008-07-01. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Unleashing Growth and Strengthening Resilience in the Caribbean

2017-11-13 Business & Economics
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Release : 2017-11-13
Genre : Business & Economics
Kind : eBook
Book Rating : 919/5 ( reviews)

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Book Synopsis Unleashing Growth and Strengthening Resilience in the Caribbean by : Mr.Krishna Srinivasan

Download or read book Unleashing Growth and Strengthening Resilience in the Caribbean written by Mr.Krishna Srinivasan. This book was released on 2017-11-13. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.

New Insights into ECCU's Tourism Sector Competitiveness

2019-07-17 Business & Economics
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Release : 2019-07-17
Genre : Business & Economics
Kind : eBook
Book Rating : 813/5 ( reviews)

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Book Synopsis New Insights into ECCU's Tourism Sector Competitiveness by : Mr.Manuk Ghazanchyan

Download or read book New Insights into ECCU's Tourism Sector Competitiveness written by Mr.Manuk Ghazanchyan. This book was released on 2019-07-17. Available in PDF, EPUB and Kindle. Book excerpt: Tourism has become the main driver of economic growth and employment and the most important source of income in the ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for these countries. Unfortunately, the evidence shows that tourism arrivals to the ECCU have been declining slightly while global demand for tourism is on the rise. The objective of this paper is to study the structural determinants of competitiveness for the ECCU, defined as the relative cost advantage over other touristic regions (Di Bella, Lewis, and Martin 2007). Using a gravity model, we show that proximity to North American and European markets is indeed an important competitive advantage for the ECCU. However, despite this advantage, and, in some cases, specialization in high-end tourism, regression analysis shows that arrivals to the ECCU are sensitive to relative prices. Our simulations show that mitigating supply-side constraints would improve the ECCU’s competitiveness and allow the region to regain global market shares.

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