Travel And Tourism in Cape Verde
Euromonitor International's Travel And Tourism in Cape Verde 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.
Tables: 53 | Publication date: Aug 2009
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
Car rental; Demand factors; Health & wellness tourism; Tourism flows domestic; Tourism flows inbound; Tourism flows outbound; Tourism receipts and expenditure; Tourist attractions; Transportation; Travel accommodation; Travel retail
Executive summary
Tourism continues to drive economic growth
The negative effects of rising fuel prices and the financial crisis are not hampering the travel and tourism industry in Cape Verde as one would expect. There are business opportunities springing up everywhere, especially in the tourism segments of luxury hotels, golf and beach resorts, condominiums, villas and marinas, amongst others.
Massive influx of investment to transform Cape Verde
With record breaking levels of investment year after year, Cape Verde is experiencing rapid changes. Considered two of the jewels of the archipelago, attention is now being focused on the islands of Boavista and Maio following the creation of a new state organisation for tourism - SDTiBM. Its objective is to ensure that the high quality tourist development projects on both islands are implemented at a sustainable rate.
Commendable government intervention
Based on a democratic political system and market economy, the stability that the country enjoys is so impressive that other African nations are using it as a case study to follow. Cape Verde’s government concerns itself with establishing favourable conditions in order to attract private investment to fuel the country’s future economic growth. The greatest emphasis is being placed on the tourism industry. Cape Verde has been successful in securing foreign direct investment from a variety of countries, including traditional ones such as Portugal, Italy and Spain, as well as new ones such as the UK, Ireland, Dubai, Germany and Belgium. Chinese investors from Hong Kong and Macau also have a significant stake in Cape Verde. The government encourages joint ventures with local investors.
The Chinese are coming
China is already Africa’s third largest investor and is destined to become the largest as early as 2010. Through carefully selected special economic zones, China is encouraging domestic privately-run enterprises to venture overseas. These special zones, however, are controversial. On the one hand, African nations desire the status in order to receive significant investment, but on the other hand they are sceptical about the neo-colonialism intentions of China. It is Cape Verde’s intention to become one of these special Chinese economic zones.
Cape Verde destined to become an international tourist hotspot
All of the right conditions are set for Cape Verde to become an internationally recognised tourist destination. Equally distant from three continents, located in a privileged tropical environment with a mild climate throughout the year, with political and social stability, special tax-exempt policies and fiscal incentives, and no discrimination, this equal treatment philosophy will enable the archipelago of 10 islands to generate a steady income all year round.
Table of contents
TRAVEL AND TOURISM IN CAPE VERDE : MARKET INSIGHT
EXECUTIVE SUMMARY
Tourism continues to drive economic growth
Massive influx of investment to transform Cape Verde
Commendable government intervention
The Chinese are coming
Cape Verde destined to become an international tourist hotspot
KEY TRENDS AND DEVELOPMENTS
Tourism the driving force behind economic growth
Government policy geared towards securing investment
The Macau connection
‘Morabez’
MARKET INDICATORS
Table 1 Length of Domestic Trips: 2003-2008
Table 2 Length of Outbound Departures: 2003-2008
MARKET DATA
Table 3 Balance of Tourism Payments: Value 2003-2008
Table 4 Departures by Destination: 2003-2008
Table 5 Departures by Method of Transport: 2003-2008
Table 6 Departures by Purpose of Visit: 2003-2008
Table 7 Outgoing Tourist Expenditure: Value 2003-2008
Table 8 Forecast Departures by Destination: 2008-2013
Table 9 Forecast Departures by Method of Transport: 2008-2013
Table 10 Forecast Departures by Purpose of Visit: 2008-2013
Table 11 Forecast Outgoing Tourism Expenditure: Value 2008-2013
Table 12 Domestic Trips by Purpose of Visit and by Method of Transport: 2003-2008
Table 13 Domestic Tourist Expenditure: Value: 2003-2008
Table 14 Forecast Domestic Trips by Purpose of Visit and by Method of Transport: 2008-2013
Table 15 Forecast Domestic Tourist Expenditure: Value: 2008-2013
Table 16 Tourist Attractions: Value 2003-2008
Table 17 Forecast Tourist Attractions: Value 2008-2013
Table 18 Health and Wellness Tourism Sales: Value 2003-2008
Table 19 Forecast Health and Wellness Sales: Value 2008-2013
DEFINITIONS
Tourism parameters
Travel accommodation
Transportation
Car rental
Travel retail
Tourist attractions
Health and wellness
Internet sales
Internet sales: dynamic packaging
Internet sales: traditional package holiday
Summary 1 Research Sources
INBOUND TOURISM FLOWS
Headlines
Trends
Prospects
Sector Data
Table 20 Arrivals by Country of Origin: 2003-2008
Table 21 Arrivals by Method of Transport: 2003-2008
Table 22 Arrivals by Purpose of Visit: 2003-2008
Table 23 Incoming Tourist Receipts: Value 2003-2008
Table 24 Forecast Arrivals by Country of Origin: 2008-2013
Table 25 Forecast Arrivals by Method of Transport: 2008-2013
Table 26 Forecast Arrivals by Purpose of Visit: 2008-2013
Table 27 Forecast Incoming Tourist Receipts: Value 2008-2013
TRAVEL ACCOMMODATION
Headlines
Trends
Prospects
Sector Data
Table 28 Travel Accommodation Sales by Sector: Value 2003-2008
Table 29 Travel Accommodation Outlets by Sector: Units 2003-2008
Table 30 Regional Hotel Parameters 2008
Table 31 Travel Accommodation Internet Sales: Internet Transaction Value 2003-2008
Table 32 Hotel Company Rankings 2005-2008
Table 33 Forecast Travel Accommodation Sales by Sector: Value 2008-2013
Table 34 Forecast Travel Accommodation Outlets by Sector: Units 2008-2013
Table 35 Forecast Travel Accommodation Internet Sales: Internet Transaction Value 2008-2013
TRANSPORTATION
Headlines
Trends
Prospects
Sector Data
Table 36 Transportation Sales by Sector: Value 2003-2008
Table 37 Transportation Internet Sales: Internet Transaction Value 2003-2008
Table 38 Air Company Rankings 2005-2008
Table 39 Forecast Transportation Sales by Sector: Value 2008-2013
Table 40 Forecast Transportation Internet Sales: Internet Transaction Value 2008-2013
CAR RENTAL
Headlines
Trends
Prospects
Sector Data
Table 41 Car Rental Sales: Value 2003-2008
Table 42 Car Rental Internet Sales: Internet Transaction Value 2003-2008
Table 43 Car Rental Company Rankings 2005-2008
Table 44 Forecast Car Rental Sales: Value 2008-2013
Table 45 Forecast Car Rental Internet Sales: Internet Transaction Value 2008-2013
TRAVEL RETAIL
Headlines
Trends
Prospects
Sector Data
Table 46 Travel Retail Outlets: Units 2003-2008
Table 47 Travel Retail Products Sales: Value 2003-2008
Table 48 Travel Retail Products Internet Sales: Internet Transaction Value 2003-2008
Table 49 Travel Retail Products Company Rankings 2005-2008
Table 50 Forecast Travel Retail Outlets: Units 2008-2013
Table 51 Forecast Travel Retail Products Sales: Value 2008-2013
Table 52 Forecast Travel Retail Products Internet Sales: Internet Transaction Value 2008-2013