Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism
- Author/Creator:
- Romeu, Rafael
- Publication/Creation:
- Washington, D.C. : International Monetary Fund, 2008
- Resource Type:
- Book
More Details
Additional/Related Title Information
- Full Title:
- Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism / Rafael Romeu
- Series Titles:
- IMF working paper ; WP/08/162
IMF Working Papers
IMF Working Papers; Working Paper ; No. 2008/162
Subjects/Genre
- Subjects:
- Tourism--Caribbean Area--Econometric models
Tourism--Cuba--Econometric models
International economic relations--Econometric models
Tourism--Econometric models
Cuba--Foreign economic relations--United States--Econometric models
United States--Foreign economic relations--Cuba--Econometric models
Description/Summary
- Table of Contents:
- Contents; I. Introduction; II. Adapting Gravity Trade Theory; III. Data; IV. Estimation; V. Conclusions; 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; VI. References; VII. Appendix - Summary:
- 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.
- Language:
- English
- Language Note:
- English
- Physical Type/Description:
- 1 online resource (64 p.)
- General Note:
- Description based upon print version of record.
Additional Identifiers
- Catalog ID (MMSID):
- 9936718373802486
- ISBN:
- 1-4623-2552-1
1-4527-9448-0
9786612841132
1-282-84113-0
1-4518-7020-5 - OCLC Number:
- 466183813
Tools
- Cite
- Export as RIS
-
Direct Link
Direct Link
Direct Link URL
- Staff View