Category: Travel & Leisure
Travel & Leisure market research reports by Oxford Economics
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Macro - Country Economic Forecasts - Greece
Macro - Country Economic Forecasts - Greece We forecast GDP for Greece will grow by 2% next year. Domestic demand will likely do the heavy lifting, as we expect gross fixed investments will pick up and private consumption will likely maintain healthy growth. Net exports will support growth marginall ... Read More
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Macro - Country Economic Forecasts - Italy
Macro - Country Economic Forecasts - Italy We forecast GDP growth for Italy at 0.8% for 2025, an improvement from the 0.5% expansion we expected this year. We project inflation will pick up to average 1.9% next year, as the contribution from energy inflation will likely increase from a sizeable drop ... Read More
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Macro - Country Economic Forecasts - Spain
Macro - Country Economic Forecasts - Spain Our forecast for GDP growth in Spain in 2025 remained unchanged at 2.4% this month. Although this marks a slowdown compared to the 3.1% expansion expected this year, Spain will remain one of the fastest-growing economies in the eurozone. Strong growth in se ... Read More
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Macro - Country Economic Forecasts - Bahamas, The
Macro - Country Economic Forecasts - Bahamas, The We expect real GDP growth for the Bahamas will cool to 1.7% in 2025 from 2.1% this year. This fall in growth reflects the convergence of the economy towards its medium-term potential. Consistent with this view, we forecast inflation will settle at 2% ... Read More
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Macro - Country Economic Forecasts - Anguilla
Macro - Country Economic Forecasts - Anguilla We have marginally revised up our 2025 GDP growth forecast for Anguilla by 0.1ppt to 4.7% y/y. Tourism continues to drive growth, alongside the exponential increase in demand for the country's domain name '.ai' and the anticipated gradual imp ... Read More
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Macro - Country Economic Forecasts - Antigua and Barbuda
Macro - Country Economic Forecasts - Antigua and Barbuda We have cut our 2025 GDP growth forecast for Antigua and Barbuda by 1.4ppts to 2.8% y/y. We think the momentum from the post-pandemic recovery in tourism numbers will subside and growth levels will be closer to the economy's long-run poten ... Read More
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Macro - Country Economic Forecasts - Grenada
Macro - Country Economic Forecasts - Grenada We have cut our 2025 growth forecast for Grenada by 0.4ppts to 3.7%. We think this summer's Hurricane Beryl, which wrecked infrastructure and housing in the northern islands of Carriacou and Petit Martinique, will leave a lasting mark on the supply si ... Read More
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Macro - Country Economic Forecasts - Guadeloupe
Macro - Country Economic Forecasts - Guadeloupe We have revised up our 2025 GDP growth forecast for Guadeloupe by 1.7ppts to 2.7%, as growth in tourism continues to drive exports. Although inflation is expected to decline to 1.7% in 2025 and 1.9% in 2026, we don't anticipate a strong recovery in ... Read More
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Macro - Country Economic Forecasts - Puerto Rico
Macro - Country Economic Forecasts - Puerto Rico We lowered our 2025 GDP growth forecast by 0.2ppts to 1.2%. Federal funds from disaster-relief programs and pandemic stimulus that buoyed infrastructure projects and private consumption will continue to fade. Still, resilient demand from mainland ... Read More
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Macro - Country Economic Forecasts - Dominica
Macro - Country Economic Forecasts - Dominica We have doubled our 2024 GDP forecast for Dominica to 4.2% and expect robust growth of 3.1% next year. Our forecast reflects strong near-term prospects due a major recovery in tourism, high public investment, and strong Citizenship-by-Investment revenues ... Read More
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Macro - Country Economic Forecasts - St. Lucia
Macro - Country Economic Forecasts - St. Lucia We have upgraded our 2024 growth forecast for Saint Lucia by 1.5ppts to 4.9% y/y, given record-breaking tourism figures throughout the year. We forecast the economy to continue to grow in 2025 at a rate of 4.8% y/y based on expectations of a record crui ... Read More
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Analysis by Region - Emerging Markets - Cuba
Analysis by Region - Emerging Markets - Cuba We cut Cuba’s 2025 GDP growth forecast by 1.6ppts to 1.9%, following an estimated 0.9% contraction this year. Disruptions at the country’s largest thermoelectric plant and reduced fuel shipments from Russia and Venezuela caused widespread blackouts, while ... Read More
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Macro - Country Economic Forecasts - St. Vincent and the Grenadines
Macro - Country Economic Forecasts - St. Vincent and the Grenadines We trimmed our GDP growth forecast for St Vincent and the Grenadines by 0.4ppts to 4.5% y/y for 2024 and 0.3ppts to 2.9%y/y for 2025 because of damage caused by Category 5 Hurricane Beryl in July. The impact of Beryl this year is li ... Read More
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Macro - Country Economic Forecasts - Cayman Islands
Macro - Country Economic Forecasts - Cayman Islands Historical data revisions and a significantly stronger-than-expected demographic outlook led us to raise our short- and medium-term forecasts for the Cayman Islands. We now expect GDP will grow by 1.9% next year before slowing down to 1.6% in 2026. ... Read More
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Macro - Country Economic Forecasts - Albania
Macro - Country Economic Forecasts - Albania We have raised our raised 2024 Albania GDP forecast by 0.7ppts to 3.6% and our 2025 forecast by 0.3ppts to 3.5%. This is driven by a strong construction sector – evidenced by rising confidence and strong annual output growth – and a booming tourism sector ... Read More
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Macro - Country Economic Forecasts - Virgin Islands (UK)
Macro - Country Economic Forecasts - Virgin Islands (UK) We forecast the British Virgin Islands' economy will grow by 1.2% in 2024 and 1.6% in 2025. We've revised up our 2025 GDP forecast to reflect stronger-than-anticipated growth in the tourism sector, partly driven by the robust US econom ... Read More
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Macro - Country Economic Forecasts - Greece
Macro - Country Economic Forecasts - Greece In its regular data revision process, ELSTAT revised up both nominal and real GDP for Greece. As a result, nominal GDP data for 2023 is now 2.3% higher than the previous estimate. We'll incorporate the new data into our forecast as soon as the quarterl ... Read More
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Analysis by Region - Emerging Markets - Seychelles
Analysis by Region - Emerging Markets - Seychelles We forecast real GDP growth of 3.1% in 2024 as investments in the information technology sector boost economic activity. While tourism revenue prospects for the short term are improving, tourist arrivals still fall short of pre-pandemic levels. Incr ... Read More
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Analysis by Region - Emerging Markets - Malaysia
Analysis by Region - Emerging Markets - Malaysia Industrial production (manufacturing, extraction and utilities) is forecast to outpace economic growth in 2024, increasing by 3.5%, picking up to 4.6% growth in 2025. ... Read More
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Macro - Country Economic Forecasts - Aruba
Macro - Country Economic Forecasts - Aruba We have upgraded our 2024 GDP forecast for Aruba by 0.8ppts to 2.2% y/y growth. This adjustment is driven by the resilience of the US economy, which accounts for over 80% of Aruba's overseas visitors, thereby boosting tourism activity. Arrivals are ... Read More
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Analysis by Region - Europe - Switzerland
Analysis by Region - Europe - Switzerland We've raised our 2024 GDP growth forecast for Switzerland by 0.2ppts to 1.4% (or to 1.1% when adjusted for revenues from major sporting events). Although the outlook for this year has improved slightly, our revised forecast is still in line with the expe ... Read More
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Analysis by Region - Emerging Markets - Barbados
Analysis by Region - Emerging Markets - Barbados We think the Barbados economy will expand by 4.8% this year, following 9.1% growth in 2022. GDP will likely return to its pre-pandemic level by Q4 2023, driven by a solid but slow tourism recovery. We forecast tourist arrivals will grow by 27% in 2023 ... Read More
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Analysis by Region - Emerging Markets - Seychelles
Analysis by Region - Emerging Markets - Seychelles Real GDP is estimated to have grown by a strong 10.1% in 2022, with the size of the economy reaching pre-coronavirus pandemic levels. The island nation's tourist arrivals have started to pick up, but are yet to reach pre-pandemic levels. Thankfu ... Read More
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Analysis by Region - Emerging Markets - Bahamas
Analysis by Region - Emerging Markets - Bahamas The Bahamas continues to rebound from the coronavirus pandemic with strong growth of 7.7% expected for 2022. Our forecast reflects a recovery in tourism and foreign direct investment, as well as a 33% jump in exports this year. Unemployment continues t ... Read More
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Analysis by Region - Asia Pacific - Thailand
Analysis by Region - Asia Pacific - Thailand We've left our 2022 Thailand GDP growth forecast unchanged at 3.6% as reopening tailwinds, including an easing in regional international travel restrictions, will support domestic demand and a solid recovery in service-sector activity. Indeed, tourism ... Read More
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