Travel And Tourism in Antigua
Euromonitor International's Travel And Tourism in Antigua report offers a comprehensive guide to the market at a national level. It looks at travel accommodation, transportation, car rental, tourist attractions and retail travel. It identifies the leading companies and offers strategic analysis of key factors influencing the market, including background information on disposable income, annual leave and holiday taking habits.
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Chapters: 8 | Tables: 41 | Publication date: Dec 2006
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- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Airline capacity and utilisation; Arrivals by country of origin; Arrivals by mode of transport; Arrivals by purpose of visit; Car rental services by sector; Demand factors; Departures by destination; Departures by mode of transport; Departures by purpose of visit; Domestic tourism by destination; Domestic tourism by mode of transport; Tourism receipts and expenditure; Tourist attractions; Transportation; Travel accommodation; Travel retail services
Executive summary
Tourism Market is Crucial to Economy of Antigua and Barbuda
Tourism is the most important industry for Antigua and Barbuda’s economy. According to a recent USAID study, it accounts for 85% of the country’s foreign exchange earnings, generates about 60% of the state’s gross domestic product and provides employment for 18% of the labour force.
Air Carriers Struggle in Face of Higher Oil Prices
Between 2005 and 2006, airlines were left with no other choice than passing costs onto final consumers. Luckily enough, aggressive competition within the industry was pivotal in driving real-price reductions. However, this was not enough to offset the huge losses registered by carriers around the globe. Of those flying to Antigua and Barbuda, Caribbean Star and LIAT, were the most affected as they are regional carriers and do not have the financial leverage that larger airlines do, to weather higher price swings.
Sports Tourism heavily promoted
Antigua and Barbuda is moving towards diversifying its tourism sector. This includes a new emphasis on sports tourism, particularly with hosting the World Cup Cricket tournament in 2007, with which lies enormous growth potential. The Antigua and Barbuda Sports Tourism Alliance (ABSTA) is designed to enrich the sports offerings of the tourism industry. Additionally, Antigua hosts the annual Antigua Sailing regatta. The country is looking to increase yachting tourism.
Luxury Standards Increasing
Antigua and Barbuda’s tourism economy is set to expand substantially between 2006 and 2016. This is thanks to the fact that a billionaire, R. Allen Stanford, has adopted the development of Antigua’s high-end tourism as one of his pet projects and top investment priorities. Mr. Stanford has committed over EC$2 billion to this end for projects like the complete renovation of the island’s international airport and the building of a five-star hotel, country club, shopping area and cricket stadium in the surrounding areas.
Higher luxury standards are emerging across the Caribbean. One major factor behind this is the increasingly efficient logistics system. Scott Smith, vice president of PKF Consulting said, "The region has benefited from an increasingly competitive airline market as well as more airlift to and from emerging and traditional destinations." He went on to say, "In a new era of Caribbean tourism, the bar has been raised again, with demands for even higher standards of leisure and luxury. This has presented hotels with opportunities to create new streams of revenue."
Table of contents
EXECUTIVE SUMMARY
TOURISM MARKET IS CRUCIAL TO ECONOMY OF ANTIGUA AND BARBUDA
AIR CARRIERS STRUGGLE IN FACE OF HIGHER OIL PRICES
SPORTS TOURISM HEAVILY PROMOTED
LUXURY STANDARDS INCREASING
KEY TRENDS AND DEVELOPMENTS
2007 CRICKET WORLD CUP LEADS TO GREAT OPPORTUNITIES
Outlook
Impact
ANTIGUA AND BARBUDA TOURIST OFFICE PROMOTING SPORTS TOURISM
Outlook
Impact
UK ARRIVALS SURGE SO FAR THIS YEAR
Outlook
Impact
CHINA GROWING AS A SOURCE OF TOURISM AND TRAVEL
Outlook
Impact
NEW PASSPORT REQUIREMENTS
Outlook
Impact
TRAVEL ACCOMMODATION
TRENDS
PROSPECTS
TRANSPORTATION
TRENDS
PROSPECTS
TRAVEL RETAIL
TRENDS
PROSPECTS
MARKET DATA
Table 1 Length of Trip: 2000-2005
Table 2 Arrivals by Country of Origin: 2000-2005
Table 3 Arrivals by Method of Transport: 2000-2005
Table 4 Arrivals by Purpose of Visit: 2000-2005
Table 5 Departures: 2000-2005
Table 6 Departures by Destination: 2000-2005
Table 7 Departures by Mode of Transport: 2000-2005
Table 8 Departures by Purpose of Visit: 2000-2005
Table 9 Domestic Trips by Mode of Transport: 2000-2005
Table 10 Incoming Tourist Receipts: 2000-2005
Table 11 Incoming Tourist Receipts % Growth: 2000-2005
Table 12 Outgoing Tourism Expenditure: 2000-2005
Table 13 Outgoing Tourism Expenditure % Growth: 2000-2005
Table 14 Domestic Tourist Expenditure: 2000-2005
Table 15 Forecast Arrivals by Country of Origin: 2005-2010
Table 16 Forecast Arrivals by Method of Transport: 2005-2010
Table 17 Forecast Departures: 2005-2010
Table 18 Forecast Departures by Destination: 2005-2010
Table 19 Forecast Departures by Mode of Transport: 2005-2010
Table 20 Forecast Incoming Tourist Receipts: 2005-2010
Table 21 Forecast Domestic Tourist Expenditure: 2005-2010
Table 22 Forecast Outgoing Tourism Expenditure: 2005-2010
SECTOR DATA
Table 23 Hotels: Units 2000-2005
Table 24 Regional Hotel Parameters 2005
Table 25 Travel Accommodation Sales by Sector: Value 2000-2005
Table 26 Hotel Company Rankings 2005
Table 27 Forecast Hotels: Units 2005-2010
Table 28 Forecast Travel Accommodation Sales by Sector: Value 2005-2010
Table 29 Transportation Sales by Sector: Value 2000-2005
Table 30 Airline Company Rankings 2005
Table 31 Forecast Transportation Sales by Sector: Value 2005-2010
Table 32 Car Rental Sales: Value 2000-2005
Table 33 Car Rental Company Rankings 2005
Table 34 Forecast Car Rental Sales: Value 2005-2010
Table 35 Travel Retail Outlets: Units 2000-2005
Table 36 Travel Retail Sales: 2000-2005
Table 37 Travel Retail Company Rankings 2005
Table 38 Forecast Travel Retail Outlets: Units 2005-2010
Table 39 Forecast Travel Retail Sales: 2005-2010
Table 40 Tourist Attractions: Value 2000-2005
Table 41 Forecast Tourist Attractions: Value 2005-2010
DEFINITIONS
TRAVEL AND TOURISM
DEMAND FACTORS
Length of Trip
TOURISM PARAMETERS
Arrivals
Departures
Outgoing tourism expenditure
Domestic tourists
Domestic trips
Domestic tourist expenditure
TRAVEL ACCOMMODATION
Hotels
Other travel accommodation
Number of bed nights
Occupancy rates
Number of rooms and beds
TRANSPORTATION
Air
Other transportation
CAR RENTAL
TRAVEL RETAIL
TOURIST ATTRACTIONS
INTERNET SALES