Travel And Tourism in Bermuda

Euromonitor International's Travel And Tourism in Bermuda 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.

Buy online to access strategic market analysis and an interactive statistical database of market size data for travel accommodation, transportation, car rental, travel retail, tourism attractions and health and wellness tourism, tourism inflows and outflows, tourism spending and company and brand shares.

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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

An Expensive Destination

Bermuda is one of the most expensive destinations in the Caribbean with high import taxes and the highest airport fees. As a result, most travellers to Bermuda have a high income level and spend on average about US$1,400 per trip. However, as tourists have been drawn to other, less expensive Caribbean islands, this high cost level has hurt Bermuda, causing a decline in the number of arrivals during 2005.

A Tourism Turnaround

The number of Bermuda arrivals depends to a large extent on US tourists, and this has tied the tourism industry’s fortunes to that of the US traveller. As a result, Bermuda suffered declines in the number of arrivals due to the September 11, 2001 attacks and flights by US travellers to other Caribbean destinations. With the creation of the Ministry of Tourism & Transport in 2004, the government is working on turning around the tourism industry in Bermuda. It is stepping up its marketing activities in order to combat Bermuda’s staid image. It has also worked to persuade low-cost carriers, such as JetBlue and Spirit Airlines, to fly from the US to Bermuda, helping to bring in younger travellers. This has also led to increased investment in the accommodation sector for new hotels, expansions and room renovations.

Banned Services

Renting a car is illegal in Bermuda because of the country’s small size and high population density. Instead, tourists rent scooters or mopeds or take taxis. Casinos are also illegal in Bermuda, although there is contentious debate about whether or not this is good for the island.

Little Island, Rich Residents

Bermuda, while a small island, has one of the highest living standards in the world, which has led to a large number of outbound travellers who go on multiple trips. Many go to the US for shopping excursions, in order to avoid the high prices in Bermuda. The arrival of the US low-cost carriers has encouraged this.

Table of contents

EXECUTIVE SUMMARY

AN EXPENSIVE DESTINATION

A TOURISM TURNAROUND

BANNED SERVICES

LITTLE ISLAND, RICH RESIDENTS

KEY TRENDS AND DEVELOPMENTS

AN IMAGE MAKEOVER

Outlook

Impact

AN EXPENSIVE DESTINATION

Outlook

Impact

CAR RENTAL AND CASINOS ILLEGAL

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 Travel Retail Outlets: Units 2000-2005

Table 41 Travel Retail Sales: 2000-2005

Table 42 Travel Retail Internet Sales: Internet Transaction Value 2000-2005

Table 43 Travel Retail Company Rankings 2005

Table 44 Forecast Travel Retail Outlets: Units 2005-2010

Table 45 Forecast Travel Retail Sales: 2005-2010

Table 46 Forecast Travel Retail Internet Sales: Internet Transaction Value 2005-2010

Table 47 Tourist Attractions: Value 2000-2005

Table 48 Tourist Attractions Internet Sales: Internet Transaction Value 2001-2005

Table 49 Forecast Tourist Attractions: Value 2005-2010

Table 50 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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