Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism.
Title:
Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism.
Author:
Romeu, Rafael.
ISBN:
9781451914733
Personal Author:
Physical Description:
1 online resource (64 pages)
Series:
IMF Working Papers
Contents:
Contents -- I. Introduction -- II. Adapting Gravity Trade Theory -- III. Data -- IV. Estimation -- V. Conclusions -- VI. References -- VII. Appendix -- Tables -- 1. Descriptive Statistics of Caribbean Tourism -- 2. Destination Tourist Base Concentration -- 3. OECD and Caribbean Country Groups -- 4. Hurricanes Making Landfall, 1995-2004 -- 5. Gravity Estimates of Caribbean Tourism -- 6. Cuba: Estimates of Bilateral Tourist Arrivals -- 7. The Impact on the Caribbean of Opening U.S. tourism to Cuba -- 8. Alternative Estimates of U.S.-Cuba Unrestricted Tourism in the Caribbean -- 9. Model 1: Projected Arrivals from Gravity Estimates -- 10. Model 3: Long-term Gravity Estimation with Industry Costs -- Figures -- 1. OECD Tourist Arrivals -- 2. Cuba-U.S. Tourism Distortions -- 3. Evolution of Cuba in Caribbean Tourism -- 4. Distribution of Tourist within Destinations -- 5. Top Five Clients of Caribbean Destinations, 1995-2004 -- 6. Top Five Destinations of OECD Visitors, 1995-2004 -- 7. Clustering by Tourism Preferences 1995-2004 -- 8. Clustering by Fundamentals and Culture -- 9. Cost Comparison Across Caribbean -- 10. Market Concentration Based on Hotel Rooms, 1996-2004 -- 11. Airlines Owned by OECD and Caribbean Countries -- 12. Modeling of Tourist from the U.S.A -- 13. Modeling of Tourist Arrivals to Cuba -- 14. Hotel Capacity Utilization -- 15. Before and After Assuming U.S. Tourists New to Caribbean -- 16. Pie Chart of Visitor Distribution Assuming All New U.S. Tourists -- 17. Before and After Assuming No New U.S. Tourists -- 18. Pie Chart of Visitor Distribution Assuming No New U.S. Tourists -- 19. Map Assuming U.S. Arrivals Divert from the Rest of the Caribbean -- 20. Caribbean by U.S. Arrivals and OECD by Arrivals to Cuba -- 21. Gravity Estimates of Long-term Adjustment of Destinations -- 22. Pie Charts of Gravity Estimates.
23. Gravity Estimates of Percent Change in Arrivals -- 24. OECD, Caribbean, Relative Size with Open Tourism.
Abstract:
An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market share, but this would be partially offset in the short-run by the redistribution of non-U.S. tourists currently in Cuba. The results also suggest that Caribbean countries have in general not lowered their dependency on U.S. tourists, leaving them vulnerable to this potential change.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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