Revisiting Tourism Flows to the Caribbean: What is Driving Arrivals?
The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that: (i)...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
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| Schriftenreihe: | IMF Working Papers: Working Paper No. 14 / 229
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| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that: (i) tourism arrivals and expenditure are sensitive to both price and income factors in source markets; (ii) price and income elasticities of tourism have declined since 2008; (iii) price elasticity is statistically insignificant for "high-end" destinations; and (iv) the nominal cost of an average one week beach holiday in the Caribbean is higher than in other beach destinations around the world. These results point to the need for structural reforms to raise Product quality, cost reduction or containment in "low-end" destinations, including possibly via exchange rates, and an adjustment in aggregate consumption to adapt to the implications of a lower contribution to GDP from tourism |
| Beschreibung: | 1 Online-Ressource (27 p) |
| ISBN: | 1498351565 9781498351560 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:36Z |
| indexdate | 2024-07-10T09:35:46Z |
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| record_format | marc |
| series2 | IMF Working Papers: Working Paper No. 14 / 229 |
| spelling | Laframboise, Nicole Verfasser aut Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? Laframboise, Nicole Washington, D.C International Monetary Fund 2014 1 Online-Ressource (27 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 14 / 229 The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that: (i) tourism arrivals and expenditure are sensitive to both price and income factors in source markets; (ii) price and income elasticities of tourism have declined since 2008; (iii) price elasticity is statistically insignificant for "high-end" destinations; and (iv) the nominal cost of an average one week beach holiday in the Caribbean is higher than in other beach destinations around the world. These results point to the need for structural reforms to raise Product quality, cost reduction or containment in "low-end" destinations, including possibly via exchange rates, and an adjustment in aggregate consumption to adapt to the implications of a lower contribution to GDP from tourism Online-Ausg Mwase, Nkunde Sonstige oth Park, Joonkyu Sonstige oth Zhou, Yingke Sonstige oth http://elibrary.imf.org/view/IMF001/22204-9781498351560/22204-9781498351560/22204-9781498351560.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Laframboise, Nicole Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? |
| title | Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? |
| title_auth | Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? |
| title_exact_search | Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? |
| title_exact_search_txtP | Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? |
| title_full | Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? Laframboise, Nicole |
| title_fullStr | Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? Laframboise, Nicole |
| title_full_unstemmed | Revisiting Tourism Flows to the Caribbean What is Driving Arrivals? Laframboise, Nicole |
| title_short | Revisiting Tourism Flows to the Caribbean |
| title_sort | revisiting tourism flows to the caribbean what is driving arrivals |
| title_sub | What is Driving Arrivals? |
| url | http://elibrary.imf.org/view/IMF001/22204-9781498351560/22204-9781498351560/22204-9781498351560.xml |
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