Travel in
Guyana

Country Report

Executive Summary

Oct 2015
Economic growth in Guyana driven by investment in water, electricity and tourism

Guyana was projected to grow by 5% in 2014 according to The United Nations. This was due to several factors. First, its development of sanitation services and drinking water access with investment of G$2.4 billion, since between 50-70% of water used is unaccounted for at national level. Second, its development of electricity system with investment of G$5.0 billion. Third, the fact that Guyana’s Cabinet approved financial support of G$57 million from the Eastern Caribbean (St Lucia, St Vincent and the Grenadines and Dominican Republic). Third, the Japan-Guyana Sign Grant Agreement, a US$4 million grant aid agreement for the second component of the rehabilitation of the East Demerara Water Conservancy aimed at strengthening Guyana’s response to climate change. Regarding tourism investment, from January to July 2014, nine new and continuing projects were undertaken. The total value of the investment ranging from hotels to airlines was G$9.8 billion. Jags Aviation recently added a new Cessna Caravan to its fleet. This boosted the seating capacity of the local airlines and added a new level of comfort and luxury. A consequence of these projects was that 200 people will soon be hired. Furthermore, Guyana continued to receive international recognition and several new documentaries were completed over the year. These added to the major publications featuring the country. They usually highlight several aspects of the growing tourism industry. Guyana was also featured in several renowned magazines eg National Geographic. This is expected to boost lodging and travel modes in the forecast period.

Guyana and Argentina planning to strengthen their bilateral tourism cooperation

Guyana’s Tourism Minister and Argentina’s Ambassador to Guyana are planning a series of initiatives aimed at deepening tourism cooperation. This will be within the framework of Guyana increasing its tourism presence in South and Latin America. This strategic collaboration targets improvements to Guyana’s infrastructure, flights, air capacity and training for tourism participants in order to exploit Guyana’s tremendous tourism potential. This will firstly increase arrivals from Argentina, and will slowly transfer this increase to lodging, activities and booking for the forecast period. In fact, Argentina’s Tourism Ministry already approved financing for a three-phase project that will include a visit with two Guyana Tourism Authority representatives in Argentina. Other potential areas of cooperation between the two players could include student exchange programmes, trade shows and private sector exchange.

15% increase in tourist arrivals projected for 2015

The Ministry of Tourism is projecting a 15% increase in tourist arrivals in 2015 and scheduled several FAM (familiarisation) trips. Tourism is very important for showcasing a country’s cultural diversity, as well as its socio-economic potential. With the attention “Destination Guyana” is receiving, there is no doubt that tourism will increase in 2015. In 2014, tourism industry, through a series of activities, experienced great advances in promoting Guyana as a prime tourist destination. The activities provided perfect opportunities for thousands of tourists and locals to experience the country’s rich, diverse culture. Guyana is internationally recognised as a viable eco-tourism destination, as well as a bird-watching sanctuary. The country was already featured in many British Broadcasting Corporation’s (BBC) programmes in these two areas (eco-tourism and bird-watching). In addition, the 2014 International British Bird Watching Fair, held in Rutland, England, had over 35 international bird-watching companies selling Guyana. At the Fair, there were 20 international birding companies selling “Destination Guyana”, since bird-watching is a very common cultural activity in the UK.

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Discover the latest market trends and uncover sources of future market growth for the Travel industry in Guyana with research from Euromonitor's team of in-country analysts.

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When you purchase this report, you also get the data and the content from these category reports in Guyana for free:

  • Car Rental

  • Health and Wellness Tourism

  • Tourism Flows Domestic

  • Tourism Flows Inbound

  • Tourism Flows Outbound

  • Tourist Attractions

  • Transportation

  • Travel Accommodation

  • Travel Retail

The Travel in Guyana market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation
  • Historic volumes and values, company and brand market shares
  • Five year forecasts (of market share, market trends, market growth)
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as: 

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Travel in Guyana

EXECUTIVE SUMMARY

Economic growth in Guyana driven by investment in water, electricity and tourism
Guyana and Argentina planning to strengthen their bilateral tourism cooperation
15% increase in tourist arrivals projected for 2015

SWOT

Summary 1 Destination Guyana: SWOT

MARKET DATA

Table 1 Other Travel Modes: Value 2009-2014
Table 2 Forecast Other Travel Modes: Value 2014-2019
Table 3 Car Rental Sales: Value 2009-2014
Table 4 Forecast Car Rental Sales: Value 2014-2019
Table 5 Attractions: Value 2009-2014
Table 6 Forecast Attractions: Value 2014-2019

SOURCES

Summary 2 Research Sources

FLOWS

Headlines
Trends
Inbound and domestic
Outbound
Prospects
Category Data
Table 7 Inbound Arrivals: Number of Trips 2009-2014
Table 8 Inbound Arrivals by Country: Number of Trips 2009-2014
Table 9 Forecast Inbound Arrivals: Number of Trips 2014-2019
Table 10 Forecast Inbound Arrivals by Country: Number of Trips 2014-2019
Table 11 Domestic Trips by Purpose of Visit: Number of Trips 2009-2014
Table 12 Domestic Business Trips by Travel Mode: Number of Trips 2009-2014
Table 13 Domestic Leisure Trips by Travel Mode: Number of Trips 2009-2014
Table 14 Domestic Expenditure: Value and Growth 2009-2014
Table 15 Forecast Domestic Trips by Purpose of Visit: Number of Trips 2014-2019
Table 16 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2014-2019
Table 17 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2014-2019
Table 18 Forecast Domestic Tourist Expenditure: Value and Growth 2014-2019
Table 19 Outbound Departures: Number of Trips 2009-2014
Table 20 Outbound Departures by Destination: Number of Trips 2009-2014
Table 21 Forecast Outbound Departures: Number of Trips 2014-2019
Table 22 Forecast Outbound Departures by Destination: Number of Trips 2014-2019

AIRLINES

Headlines
Trends
Prospects
Category Data
Table 23 Airlines Sales: Value 2009-2014
Table 24 Forecast Airlines Sales: Value 2014-2019

LODGING

Headlines
Trends
Prospects
Category Data
Table 25 Lodging Sales: Value 2009-2014
Table 26 Lodging Outlets: Units 2009-2014
Table 27 Forecast Lodging Sales: Value 2014-2019
Table 28 Forecast Lodging Outlets: Units 2014-2019

INTERMEDIARIES

Headlines
Trends
Prospects
Category Data
Table 29 Intermediaries Sales: Value 2009-2014
Table 30 Forecast Intermediaries Sales: Value 2014-2019