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Follow on Google News | "Caribbean Tourism Report Q4 2010" is now available at Fast Market ResearchFast Market Research recommends "Caribbean Tourism Report Q4 2010" from Business Monitor International, now available
The Caribbean's recovery remained slow in the first half of 2010, with some countries still experiencing declining tourist arrivals. Growth in most countries was between 0.5 and 3.0% year-on-year (y-o-y), with some outliers such as Martinique, Puerto Rico and St Lucia, which enjoyed arrivals growth of 9.3%, 10.2% and 14.3% respectively. Other countries also showed improving levels of growth, such as Dominica (7.6%), Anguilla (7.5%) and the Cayman Islands (6.0%). Less fortunate were countries such as Curacao, Montserrat and Trinidad and Tobago, which experienced annual arrivals declines of 10.8%, 8.4% and 11.4% respectively. However, in general tourist arrivals across the Caribbean are improving, although at a slower rate than in other parts of the world. This has much to do with the Caribbean's traditional status as a high-end and relatively expensive destination, which may be deterring some visitors. In addition, the US is a major source country for the Caribbean and so the uncertain economic recovery in the US may be weighing on bookings. Focus On Dominica Dominica is located in the Lesser Antilles, with its closest neighbours being the French overseas territories of Martinique and Guadaloupe. The country brand itself as the 'Nature Island' of the Caribbean, referring to its lush rainforests and considerable natural attractions. Dominica has experienced a relatively swift recovery from the industry downturn of 2008-2009 that affected many Caribbean countries. In 2009, total visitor arrivals fell by 6.8% y-o-y, on par with many other countries in the region, However, Dominica's performance in 2010 has been more positive, with arrivals growing by 7.6% y-o-y in the first seven months of the year. New Low-Cost Airline Launched In mid-2010, Airone Ventures, a new airline, announced that it will begin flights in February 2011. The new airline will be the Caribbean's first low-cost airline and as such will provide competition for regional carrier Carribbean Airlines. Airone will be based in Barbados and will operate flights between the US, Bridgetown, Barbados and Fort Lauderdale. The airline plans to have two Boeing 737-300 aircraft, increasing this to five within two years. Airone had previously tried to base itself in Jamaica, but its application was eventually denied. The airline's launch will be an important development for the Caribbean airline sector, providing cheaper intra-regional travel for Caribbean nationals as well as tourists. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Caribbean Tourism SWOT - Caribbean Political SWOT - Caribbean Economic SWOT - Caribbean Business Environment SWOT Industry Forecast Scenario - Arrivals And Accommodation - Table: Arrivals & Accommodation Data, 2007-2014 - Expenditure - Table: Tourist Expenditure & Economic Impact, 2007-2014 - Inbound Tourism - Table: Tourist Stopover Arrivals, 2010 - Table: Tourism On Individual Islands, 2007-2014 ('000 unless stated) - Focus: Dominica Market Overview - Travel - Commercial Airlines - Global Oil Products Price Outlook - Table: Oil Product Price Data & Forecasts, 2010 (US$/bbl) - Table: Oil Product Price Data & Forecasts, 2007-2014 (US$/bbl) Market Overview - Hospitality - Cruise Industry - Table: Cruise Passenger Arrivals, 2007-2008 - Accommodation - Luxury Hotels Global Assumptions - Table: Global Assumptions, 2009-2014 - Table: Global & Regional Real GDP Growth, 2009-2012 - Table: BMI And Consensus Forecasts, 2010-2011 (%) - Table: Developed States Real GDP Growth Forecasts, 2009-2012 (%) - Table: Emerging Markets Aggregate Growth, 2009-2012 (%) Company Profiles - Air Jamaica - Royal Caribbean Cruises - Sol Melia BMI Methodology - How We Generate Our Industry Forecasts - Tourism Industry - Sources 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 http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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