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Caribbean Tourism Review Global Tourism Performance

According to the data reported by destinations so far, international overnight visitors worldwide increased by an estimated 5% for the first two months of the year. The World Tourism Organization (UNWTO), while noting a shortage of data at this early time of the year, showed figures in its World Tourism Barometer which indicated strong figures at the regional level. The Americas (7.3%) showed the highest relative rise, followed by Asia and the Pacific (5.2%), Europe (4.8%) and the Middle East (2.6%). Africa showed a 4.1% decline based on a small sample of reporting countries from that region. With economic and financial stability returning to the main markets, together with severe wintery conditions, lower oil prices and more airlift into the region from major international hubs (particularly from North America) conditions continued to be favorable for Caribbean destinations. Collectively, they rose by an estimated 6.6% in the first two months. (See table 1.1 below for more details.).

Figure 2.1.1: Monthly Changes in Tourist Arrivals (Y-o-Y)

15.0 10.0 PERCENTAGE

1.

Industry Update – 1st QTR 2015 month’s performance was better than the corresponding month of last year; January rose by 6.5%, February’s increase was 6.7% and March rounded off the quarter posting a rise of 4.8%. (See figure 2.1.1 and 2.1.2).

5.0 0.0 2008

2009

2010

2011

2012

2013

2014

-10.0 -15.0 YEAR

Figure 2.1.2: Monthly Tourist (Stop-Over) Arrivals 2011-2015

3000

2011 2012 2013

World Europe Asia and the Pacific Americas Caribbean Africa Middle East Sources: UNWTO, CTO

2.

R

2014

4.4% 3.0% 5.4% 8.1% 6.1% 1.8% 4.6%

2011

2012

2013

Change 5.1% 6.6% 6.5% 3.5% 2.7% -0.1% -3.5%

4.2% 3.9% 6.9% 4.5% 4.9% 5.2% -5.6%

4.7% 4.9% 6.8% 3.4% 1.8% 4.8% -3.4%

R

2015 Jan-Feb

4.7% 4.8% 5.2% 7.3% 6.6% -4.1% 2.6%

Caribbean Tourism Performance

2.1. Tourist (Stop-Over) Arrivals Like UNWTO, the Caribbean Tourism Organization has seen some shortage of data coming from its members up to this point. Based on the latest data from 22 countries, that have submitted any data for the first quarter, coupled with the estimates for the missing countries, tourist arrivals to the Caribbean were estimated to be 7.9 million, a year-overyear increase of 6.0%. This was the fifth consecutive year in which arrivals grew during the first quarter and the 17th quarter of continuous growth. Arrivals grew faster in the first quarter of 2015 than in the corresponding period, almost doubling the estimated growth (3.4%) of 2014. Each

Thousands

2500

Table 1.1: Performance of International Tourist Arrivals by Region

2015

-5.0

2014 2015

2000

1500

1000 J

F

M

A

M

J

J

A

S

O

N

D

Month

The performance of member countries was positive for the most part. Most Caribbean destinations reported substantial increases in total arrivals, with six (6) countries posting double-digit increases ranging from 11.1% to 20.2% and a further ten (10) countries with increases of between 3% and 9%. Best performers during this period were Aruba (20.2%), Cuba (14.1%), Guyana (13.9%), Curacao (13.0%), Trinidad & Tobago (11.3%) and Barbados (11.1%). In contrast, Antigua & Barbuda (-6.4%), Bermuda (-6.7%) and Martinique (-3.8%) were among those not improving upon the performances of 2014. The closure of two all-inclusive hotels in Antigua & Barbuda late last year contributed to its performance. (See f