Travel And Tourism in Bahamas

Euromonitor International's Travel And Tourism in Bahamas 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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Why buy this report

• 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

Non-Stop Industry Growth

Since its independence from the UK in 1973, The Bahamas has made huge investments in travel and tourism, transforming it in one of the most important economic activities in the country. This has given space to a number of ambitious construction projects throughout the island. Such a construction boom has changed the dynamics of the competitive environment and set new standards for the hospitability industry through the development of state-of-the-art facilities in conjunction with endless entertainment options. Currently, the industry accounts for approximately 60% of The Bahamas total GDP.

American Neighbours

The proximity advantage is a factor that no one can deny when accessing tourism information in The Bahamas. Its closeness to the US has been key in maintaining a steady flow of tourists over the years, particularly due to the high frequency of flights and ferries departing from South Florida. Such strong dependence on American neighbours presents a downside, however, especially in times of war. This explains why local authorities have increasingly participated in international trade shows to exploit markets that present great outbound travel potential such as China.

Finding the Right Destination

Because of its 700 individual islands, promoting The Bahamas as a tourism destination is no easy task. More than offering tempting vacation packages, travel agents need to understand what each island has to offer to provide more detailed and better targeted information to potential visitors. This has worked in the benefit of traditional travel retail channels, given foreign agents and the internet are not able to deliver such tailored vacation packages.

Air Carriers Hit By 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 has been pivotal in driving real-price reductions. That has not been enough, however, to offset the huge losses registered by carriers around the globe. Of those flying to The Bahamas, American Eagle, US Airways and Continental Airlines were the most affected.

Regional Caribbean airlines have also struggled to stay afloat. In the fall of 2006, the government of Trinidad and Tobago announced that it was closing BWIA and a new airline, Caribbean Airlines Limited, would replace it. Additionally, government owned Air Jamaica in 2005 lost US$136 million, which has prompted industry analysts to call for its closure.

Hurricane Alert

The damage caused by natural disasters is devastating to the travel and tourism industry. Following a severe 2004 hurricane season, Bahamian authorities are preparing for an even worse 2006 season. Hence, it has become a priority to focus on preventive measures to minimize overall damage and speed up the recovery process.

Table of contents

EXECUTIVE SUMMARY

NON-STOP INDUSTRY GROWTH

AMERICAN NEIGHBOURS

FINDING THE RIGHT DESTINATION

AIR CARRIERS HIT BY HIGHER OIL PRICES

HURRICANE ALERT

KEY TRENDS AND DEVELOPMENTS

THE PROXIMITY ADVANTAGE

Outlook

Impact

KEEPING AN EYE ON THE CHINESE

Outlook

Impact

ACTIVE HURRICANES

Outlook

Impact

ESCALATING OIL PRICES

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 Travel Accommodation Internet Sales: Internet Transaction Value 2000-2005

Table 27 Hotel Internet Sales: Internet Transaction Value 2000-2005

Table 28 Hotel Company Rankings 2005

Table 29 Forecast Hotels: Units 2005-2010

Table 30 Forecast Travel Accommodation Sales by Sector: Value 2005-2010

Table 31 Forecast Travel Accommodation Internet Sales: Internet Transaction Value 2005-2010

Table 32 Forecast Hotel Internet Sales: Internet Transaction Value 2005-2010

Table 33 Transportation Sales by Sector: Value 2000-2005

Table 34 Airline Company Rankings 2005

Table 35 Transportation Internet Sales: Internet Transaction Value 2000-2005

Table 36 Air Travel Internet Sales: Internet Transaction Value 2000-2005

Table 37 Forecast Transportation Sales by Sector: Value 2005-2010

Table 38 Forecast Transportation Internet Sales: Internet Transaction Value 2005-2010

Table 39 Forecast Air Travel Internet Sales: Internet Transaction Value 2000-2005

Table 40 Car Rental Sales: Value 2000-2005

Table 41 Car Rental Company Rankings 2005

Table 42 Car Rental Internet Sales: Internet Transaction Value 2000-2005

Table 43 Forecast Car Rental Sales: Value 2005-2010

Table 44 Forecast Car Rental Internet Sales: Internet Transaction Value 2005-2010

Table 45 Travel Retail Outlets: Units 2000-2005

Table 46 Travel Retail Sales: 2000-2005

Table 47 Travel Retail Internet Sales: Internet Transaction Value 2000-2005

Table 48 Travel Retail Company Rankings 2005

Table 49 Forecast Travel Retail Outlets: Units 2005-2010

Table 50 Forecast Travel Retail Sales: 2005-2010

Table 51 Forecast Travel Retail Internet Sales: Internet Transaction Value 2005-2010

Table 52 Tourist Attractions: Value 2000-2005

Table 53 Tourist Attractions Internet Sales: Internet Transaction Value 2001-2005

Table 54 Forecast Tourist Attractions: Value 2005-2010

Table 55 Forecast Tourist Attractions Internet Sales: Internet Transaction 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

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