Country Report

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Travel in Trinidad and Tobago

20 pages, Aug 2016

US$660

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Executive Summary

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Limited performance for travel and tourism in 2015

Several factors had a negative impact on certain areas of travel and tourism, limiting growth in 2015. Some of the key source markets were affected by weak economic conditions. Other source markets did not perform as well due to external factors, such as health warnings due to the Zika virus as the country was included on a warning list. Limited promotion of the country as a tourism destination also placed pressure on results, especially given the high levels of competitiveness from other islands in the area.

Growing online performance

Intermediaries have a strong online presence. Many intermediaries offer their services online, with the possibility to book and purchase electronically. In addition, other tourism players are also increasingly available online, with a presence in social media and with their own websites.

Air connectivity aiming to increase arrivals from Latin America

In an effort to increase tourism from Latin America, especially South America, authorities, in a joint venture with Brazilian Gol Airlines, launched a weekly flight to Brazil. The new flight could bring good opportunities for the development of arrivals from South America.

Future company activities could revitalise the market

There is some information to indicate possible positive company activities may happen over the forecast period. The major local airline could merge or acquire another Caribbean player, or join the Star Alliance. This could mean important opportunities for the country as it would increase connectivity with additional markets and quite possibly lead to a decline in airline fares, which could result in higher volume performance.

Steady but moderate performance ahead

Over the forecast period arrivals are set to continue to grow, thereby positively impacting the performance of the overall tourism market. Promotion of the country among new markets which are currently not key source countries could yield positive results, especially if the country improves its positioning in these markets. Connectivity will remain an important issue for the country to increase tourism, both for arrivals as well as travel between the islands.

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Files are delivered directly into your account within a few minutes of purchase.

Overview:

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

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel industry in Trinidad and Tobago, our research will save you time and money while empowering you to make informed, profitable decisions.

When you purchase this report, you also get the data and the content from these category reports in Trinidad and Tobago 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 Trinidad and Tobago 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:

What is the market size of Travel in Trinidad and Tobago?
What are the major brands in Trinidad and Tobago?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel And Tourism market research database.

Each report is delivered with the following components:Report: PDF and Word Market statistics: Excel workbook

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