| Description |
1 online resource (20 pages). |
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data file |
| Series |
IMF Working Papers
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IMF Working Papers.
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| Contents |
Cover; Table of Contents; ABSTRACT; I. INTRODUCTION; II. STYLIZED FACTS AND LONG TERM TRENDS IN CARIBBEAN'S TOURISM; III. THE DATA AND THE GRAVITY MODEL OF TOURISM; A. The Gravity Model; B. The Data; IV. MEASURING THE IMPACT OF US-CUBA TOURISM ON THE REST OF THE CARIBBEAN; A. Estimating US-Cuba tourism flows; V. CONCLUSIONS AND POLICY IMPLICATIONS; VI. REFERENCES; VII. APPENDIX; FIGURES; Caribbean Tourist Arrivals, 1995-2014; Evolution of the Caribbean Tourism Market, 1995-2014; Canadian Tourists by Destination, 1995-2014; Caribbean Tourist Arrivals by Source, 2014. |
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Caribbean Change in Share of Tourism Sources, 2000-2014TABLES; 1. Gravity Estimations; 2. Actual vs. Predicted Arrivals. |
| Summary |
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. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Tourism -- Cuba.
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Tourism. |
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Cuba. |
| Genre/Form |
Electronic books.
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| Added Author |
Alleyne, Trevor Serge Coleridge.
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Romeu, Rafael.
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| Other Form: |
Print version: Acevedo Mejia, Sebastian. Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism. Washington, D.C. : International Monetary Fund, ©2017 9781475595727 |
| ISBN |
9781475596809 (electronic book) |
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1475596804 (electronic book) |
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1475595727 |
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9781475595727 |
| ISSN |
1018-5941 |
| Standard No. |
10.5089/9781475595727.001 |
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