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Follow on Google News | New market study, "Caribbean Tourism Report Q1 2011", has been publishedNew Consumer Goods market report from Business Monitor International: "Caribbean Tourism Report Q1 2011"
Countries that experienced particularly high tourist arrival growth were Anguilla (10.7%), the British Virgin Islands (8.6%), Guyana (8.1%), St Lucia (15.4%) and St Eustatius (11.6%). The countries still experiencing declines in tourist arrivals were Antigua and Barbuda (-1.4%), Bermuda (-1.1%), Curacao (-7.5%), Grenada (-7.9%), Montserrat (-8.4%) and St Vincent and the Grenadines (-2.1%). This suggests that tourists are returning to the larger and better developed countries first, such as the Dominican Republic (+3.5%) and Cuba (3.4%). That said, the growth trend does appear to have been established and we expect all countries to return to growth in 2011, particularly given the fillip of the high season over the Christmas and new year period. Focus On The Netherlands Antilles In October 2010, the Netherlands Antilles ceased to exist as a country, instead splitting into five new entities: Curacao, Bonaire, Saba, St Maarten and St Eustatius. Previously, the Netherlands Antilles had been a country within the kingdom of the Netherlands, with funding and tourism projects treated accordingly. Most of the islands have recovered well from the downturn, with the exception of Curacao, which experienced a decline in arrivals of 7.5% y-o-y in 9M10. By contrast, arrivals to Bonaire grew by 6.8%, Saba by 2.5%, St Eustatius by an impressive 11.6% and St Maarten by 3.4%. Caribbean Airlines Appoints New CEO In December 2010, Caribbean Airlines announced the departure of CEO Ian Brunton, who has been replaced by former vice president Robert Corbie. Brunton's abrupt departure came soon after the appointment of a new chair, Trinidadian businessman George Nicholas. The personnel changes may indicate that Caribbean Airlines is experiencing some difficulties in integrating Air Jamaica, which it purchased a controlling stake in earlier in the year. Although the workforces of the two airlines have largely been merged, Caribbean Airlines has said that it intends to maintain Air Jamaica as a separate brand. However, some controversy has been caused by Caribbean Airlines' decision to launch a fleet replacement plan at the same time as managing the costs associated with the Air Jamaica integration, and Brunton's departure may reflect these high-level tensions. 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: Netherlands Antilles Market Overview - Travel - Commercial Airlines - Global Oil Products Price Outlook - Table: Oil Products Price Assumptions, 2010 (US$/bbl) - Table: Oil Product Price Forecasts, 2008-2015 (US$/bbl) Market Overview - Hospitality - Cruise Industry - Table: Cruise Passenger Arrivals, 2007-2008 - Accommodation - Luxury Hotels Global Assumptions - Table: Global Assumptions, 2009-2014 - Table: Global And Regional Real GDP Growth And Exchange Rates, 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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