Caribbean Destination Tourism Insight Report including International Arrivals, Domestic Trips, Key Source / Origin Markets, Trends, Tourist Profiles, Spend Analysis, Key Infrastructure Projects and Attractions, Risks and Future Opportunities, 2023 Update

Caribbean Destination Tourism Insight Report including International Arrivals, Domestic Trips, Key Source / Origin Markets, Trends, Tourist Profiles, Spend Analysis, Key Infrastructure Projects and Attractions, Risks and Future Opportunities, 2023 Update

Summary

Analysis of destination markets, infrastructure, and attractions, as well as risks and opportunities in the Caribbean. This report explores the types of travelers that visit the region as well as a SWOT analysis.

Key Highlights

• International arrivals increased significantly in 2022, with an average YoY rise of xx% across the whole Caribbean. This is a good omen for the recovery, with GlobalData forecasting a return to pre-COVID-19 levels by 2024.
• Adventure tourism is one of the industry's most popular branches of niche tourism. According to a GlobalData Q3 2021 Global Consumer survey, xx% of respondents take an adventure or athletic vacation, making adventure tourism the second-most popular niche tourist activity among respondents, behind only cultural tourism.
• Prior to the pandemic, international arrivals to Barbados were continuously increasing, with inbound tourism increasing at a CAGR of xx% between 2014 and 2019. However, owing to COVID-19 travel limitations, the number of arrivals in 2020 and 2021 plummeted dramatically.
• The worldwide industry is responsible for xx% of all global greenhouse gas emissions, while for tiny islands like Dominica and St. Lucia, tourism may account for as much as xx% and xx% of domestic carbon emissions, respectively.
• Since 2015 international arrivals to the Bahamas were steadily growing, with inbound visitation between 2014-2019 yielding a CAGR of xx%.

• This report is part of GlobalData's Destination Market Insights Series. These reports provide an in-depth analysis of a tourist destination and its key source markets, as well as an assessment of the trends and issues in the covered destination market, in this case the Caribbean.

• Obtain a clear and detailed insight into new developments in a highly popular tourist destination.
• Use data and analysis to explore future trends related to international arrivals, airlines, niche tourism, and hotel developments.
• Gain a strong understanding of the opportunities in the market, as well as the risks, to support better business decisions.