Caribbean Tourism Destination Market Insight, 2022 Update

Caribbean Tourism Destination Market Insight, 2022 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

• In 2021 projected domestic tourism trips and inbound trips rose compared to 2020. As the Caribbean emerges from the worst of the pandemic and an earthquake in Haiti the renewal of international tourism industry is pivotal to the recovery of the nation.
• By 2024 GlobalData projects that tourism will reach record levels for the region, with inbound trips reaching approximately millions. The short term future for the Caribbean’s tourism is dependent on future governmental responses to the ongoing pandemic, however, current initiatives from individual countries mean the Caribbean’s overall outlook is quite favorable for 2024.

• 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.

Companies Mentioned

American Airlines
Virgin Atlantic
Frontier Airlines
Carnival Cruise Line
AZOVA
BIMSafe
IGY Marinas
Rosalie Forest Eco Lodge
TUIFly
Delta Airlines
Tropic Ocean Airways
Margaritaville
Nickelodeon Resort
Karisma Hotels
Royal Caribbean
Mariott