Travel And Tourism in Equatorial Guinea
Euromonitor International's Travel And Tourism in Equatorial Guinea 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: 55 | Publication date: Mar 2007
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
Business Travellers to Fuel Growth
The travel and tourism industry is taking its first steps in a country that has been deserted by international and regional travellers almost since its independence in 1968. Driven by the recent economic boom and oil bonanza, business tourism and services for businessmen will develop quickly, in particular hotel and conference facilities.
The outlook is for a sustained increase in foreign investments in Equatorial Guinea, to meet the necessities of business travel, and the growth of car rental and transportation to allow business travellers to move across the island.
The government is becoming aware of tourism’s potential within the country. While revenue from travel and tourism will remain a small source of foreign exchange compared to oil exports, there are signs of an increasing interest in tourism, especially its potential to create jobs and thus improve local economies. Planned investment in travel accommodation and the opening of new airports are signs of the government’s interest in travel and tourism.
Travel Accommodation Caters to Business Travellers
Travel accommodation has traditionally been oriented around business travellers: Hilton is opening a large international standard hotel in 2007, and there are already two international conference centres with villas to house guests and heads of state on official visits.
With the aim of promoting the natural attractions of the country to develop ecotourism, the Ministry of Tourism is encouraging the development of accommodation facilities on the islands of Bioko and Annobon. There are governmental plans for the construction of a beach resort in Annobon in the last quarter of 2007.
Improvements to Infrastructure
The country is undertaking a major refurbishment of its entire transport network. In particular Malabo International Airport was provided with a new terminal building and a new runway that should be completed by the end of 2006.
The upgrading of airports and the increase in arrivals have prompted car rental operators to increase their presence in the country. Both Avis and Europcar are planning to open permanent offices at Malabo International Airport in 2007.
Travel Retail Expects to see Growth
The increasing number of resident expatriates working for foreign companies will necessitate the development of leisure services. In the medium-to-long-term leisure tourism will constitute a major target for local tour operators and travel agents both for local and regional packages. Beach tourism and ecotourism in Equatorial Guinea will attract tourists, as will packages to the neighbouring countries of Cameroon and Sao Tome.
Table of contents
EXECUTIVE SUMMARY
BUSINESS TRAVELLERS TO FUEL GROWTH
TRAVEL ACCOMMODATION CATERS TO BUSINESS TRAVELLERS
IMPROVEMENTS TO INFRASTRUCTURE
TRAVEL RETAIL EXPECTS TO SEE GROWTH
KEY TRENDS AND DEVELOPMENTS
THE CONTRIBUTION OF TOURISM TO THE NATIONAL ECONOMY REMAINS LOW
Outlook
Impact
BUSINESS TOURISM TO PROVIDE THE FASTEST GROWTH OVER THE FORECAST PERIOD
Outlook
Impact
ISLANDS OF BIOKO AND ANNOBON WILL DEVELOP TOURISM FACILITIES
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