Travel And Tourism in Cayman Islands
Euromonitor International's Travel And Tourism in Cayman Islands 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: 57 | Publication date: Oct 2008
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
Cayman Islands joins the Caribbean Catastrophe Risk Insurance Facility
In response to the terrible damages that natural disaster cause periodically in the Caribbean, the Caribbean Catastrophe Risk Insurance Facility was born in 2007, with the support of the World Bank and funds coming from Japan, as well. This fund allows that, in case of a major hazard, governments from the member countries will have access to early cash payments. Cayman Islands, is currently one of the 16 countries in the region that are part of this facility, and it is provided with hurricane coverage for up to US$53 million and $5 million in the event of an earthquake.
Interest in sustainable tourism increases
The Cayman Islands government, as the core element of its tourism policy, has moved its focus from creating profit measures to developing sustainable tourism. The main measures of this initiative are to control the growth of cruise arrivals – to alleviate the overcrowding problem, especially in George Town and to impel the “Go East” initiative, so that more tourism is driven to explore the heritage and culture of eastern districts located in Grand Cayman Island. The Ministry of Tourism is also working closely with the private sector, reviewing laws, policies and regulations, so that the policy framework constitutes an aid for achieving sustainable tourism.
Cayman Islands signs multiyear alliance with the NFL
In April 2007, Cayman Islands and the National Football League (NFL) of the United States initiated a three-year partnership, in which the island is to host the annual Direct TV NFL Quarterback Challenge through 2009. This Challenge takes some of the League’s top quarterbacks to Cayman Islands in the off-season for a series of competitions such as speed, mobility, accuracy, long-distance passing and the ability to run the “No-Huddle” drill. The first Quarterback Challenge was held in 1991. The program is to be aired through ESPN, the main sports coverage network in the United States. Besides broadcasting the Challenge, ESPN will highlight various locations in Cayman such as Seven Mile Beach, Stingray City and Rum Point. Although in May 2007 the Direct TV NFL Quarterback Challenge 2007 was filmed, the NFL cancelled the broadcast of the event because one of its players was involved in illegal dogfights. However, Cayman Islands expected to recover its profits through marketing presence at the 2008 Super Bowl, and anticipates successful airings for the remaining two years of the contract.
Cayman Island cited as the main diving destination in the Caribbean
During December 2007, the famous tourism website Forbes Traveller qualified the Grand Cayman as the best diving destination in the Caribbean. In the same month, the World Travel Association elected Cayman Islands as the leading destination for diving. These two qualifications greatly boosted publicity of the Cayman Islands, which suffered the negative impact of past bad hurricane seasons, and has promoted visits from lovers of diving as well as tourists who want to practice sports when travelling abroad. New diving businesses are expected to open if the demand from tourists continues increasing.
Table of contents
TRAVEL AND TOURISM IN CAYMAN ISLANDS : MARKET INSIGHT
EXECUTIVE SUMMARY
Cayman Islands joins the Caribbean Catastrophe Risk Insurance Facility
Interest in sustainable tourism increases
Cayman Islands signs multiyear alliance with the NFL
Cayman Island cited as the main diving destination in the Caribbean
KEY TRENDS AND DEVELOPMENTS
Focus on Tourist Satisfaction
More Interest in Sustainable Tourism
Alleviating the Impact of Natural Disasters
Cayman Islands and the NFL Sign Multiyear Partnership
Cayman Islands is named as a main Diving Destination
Escalating Oil Prices
New Passport Requirements
MARKET INDICATORS
Table 1 Length of Domestic Trip: 2002-2007
Table 2 Length of Outbound Departure: 2002-2007
MARKET DATA
Table 3 Arrivals by Country of Origin: 2002-2007
Table 4 Arrivals by Method of Transport: 2002-2007
Table 5 Arrivals by Purpose of Visit: 2002-2007
Table 6 Incoming Tourist Receipts: Value 2002-2007
Table 7 Forecast Arrivals by Country of Origin: 2007-2012
Table 8 Forecast Arrivals by Method of Transport: 2007-2012
Table 9 Forecast Arrivals by Purpose of Visit: 2007-2012
Table 10 Forecast Incoming Tourist Receipts: Value 2007-2012
Table 11 Departures by Destination: 2002-2007
Table 12 Departures by Method of Transport: 2002-2007
Table 13 Departures by Purpose of Visit: 2002-2007
Table 14 Outgoing Tourist Expenditure: Value 2002-2007
Table 15 Forecast Departures by Destination: 2007-2012
Table 16 Forecast Departures by Method of Transport: 2007-2012
Table 17 Forecast Departures by Purpose of Visit: 2007-2012
Table 18 Forecast Outgoing Tourist Expenditure: Value 2007-2012
Table 19 Domestic Trips by Purpose of Visit and by Method of Transport: 2002-2007
Table 20 Domestic Tourist Expenditure: Value: 2002-2007
Table 21 Forecast Domestic Trips by Purpose of Visit and by Method of Transport: 2007-2012
Table 22 Forecast Domestic Tourist Expenditure: Value: 2007-2012
Table 23 Tourist Attractions: Value 2002-2007
Table 24 Tourist Attractions Internet Sales: Internet Transaction Value 2002-2007
Table 25 Forecast Tourist Attractions: Value 2007-2012
Table 26 Forecast Tourist Attractions Internet Transaction Sales: Internet Transaction Value 2007-2012
Table 27 Health and Wellness Tourism Sales: Value 2002-2007
Table 28 Forecast Health and Wellness Sales: Value 2007-2012
Table 29 Balance of Tourism Payments: Value 2002-2007
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
Sources
Summary 1 Research Sources
TRAVEL ACCOMMODATION
Headlines
Trends
Prospects
Sector Data
Table 30 Travel Accommodation Sales by Sector: Value 2002-2007
Table 31 Travel Accommodation Outlets by Sector: Units 2002-2007
Table 32 Regional Hotel Parameters 2007
Table 33 Travel Accommodation by Sector: Number of Rooms 2005-2007
Table 34 Travel Accommodation by Sector: Number of Beds 2005-2007
Table 35 Travel Accommodation Internet Sales: Internet Transaction Value 2002-2007
Table 36 Hotel Company Rankings 2005-2007
Table 37 Forecast Travel Accommodation Sales by Sector: Value 2007-2012
Table 38 Forecast Travel Accommodation Outlets by Sector: Units 2007-2012
Table 39 Forecast Travel Accommodation Internet Sales: Internet Transaction Value 2007-2012
TRANSPORTATION
Headlines
Trends
Prospects
Sector Data
Table 40 Transportation Sales by Sector: Value 2002-2007
Table 41 Transportation Internet Sales: Internet Transaction Value 2002-2007
Table 42 Airline Company Rankings 2005-2007
Table 43 Forecast Transportation Sales by Sector: Value 2007-2012
Table 44 Forecast Transportation Internet Sales: Internet Transaction Value 2007-2012
CAR RENTAL
Headlines
Trends
Prospects
Sector Data
Table 45 Car Rental Sales: Value 2002-2007
Table 46 Car Rental Internet Sales: Internet Transaction Value 2002-2007
Table 47 Car Rental Company Rankings 2005-2007
Table 48 Forecast Car Rental Sales: Value 2007-2012
Table 49 Forecast Car Rental Internet Sales: Internet Transaction Value 2007-2012
TRAVEL RETAIL
Headlines
Trends
Prospects
Sector Data
Table 50 Travel Retail Outlets: Units 2002-2007
Table 51 Travel Retail Products Sales: Value 2002-2007
Table 52 Travel Retail Products Internet Sales: Internet Transaction Value 2002-2007
Table 53 Travel Retail Products Company Rankings 2005-2007
Table 54 Forecast Travel Retail Outlets: Units 2007-2012
Table 55 Forecast Travel Retail Products Sales: Value 2007-2012
Table 56 Forecast Travel Retail Products Internet Sales: Internet Transaction Value 2007-2012