Travel and Tourism in Cuba to 2018
Synopsis
The report provides detailed market analysis, information and insights, includ...
4.2.4 Business-friendly Policies To Attract Foreign Investment
4.2.5 Outbound Tourism Supported By Economic Growth And Lib...
13.2.2 Transtur Sa – Main Services

14 Company Profiles – Travel Intermediaries
14.1.1 Marysol Travel Services...
informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
Con...
Upcoming SlideShare
Loading in...5
×

Travel and tourism in cuba to 2018

176

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
176
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Travel and tourism in cuba to 2018

  1. 1. Travel and Tourism in Cuba to 2018 Synopsis The report provides detailed market analysis, information and insights, including: Historic and forecast tourist volumes covering the entire Cuban travel and tourism sector Detailed analysis of tourist spending patterns in Cuba for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others Detailed market classification across each category, with analysis using similar metrics Detailed analysis of the airline, hotel, car rental and travel intermediaries industries Executive summary The Cuban travel and tourism sector’s performance was modest during the review period (2009–2013). However, important reforms, such as the US government lifting its travel ban and economic reforms which attracted foreign investment and business tourists to Cuba, were beneficial for the sector. Scope This report provides an extensive analysis related to the tourism demands and flows in Cuba: It details historical values for the Cuban tourism sector for 2009–2013, along with forecast figures for 2014–2018 It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009–2013 review period and the 2014–2018 forecast period The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Cuba. It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009–2013 review period and the 2014–2018 forecast period. Reasons to buy Take strategic business decisions using historic and forecast market data related to the Cuban travel and tourism sector. Understand the demand-side dynamics within the Cuban travel and tourism sector, along with key market trends and growth opportunities. Key highlights Cuba is a socialist country, governed by a communist government. After Fidel Castro’s resignation as president in February 2008, his brother Raúl Castro was elected. Since then, the government has been making continuous efforts to improve the country’s economy, living standards, international relations and infrastructure development. Following a growth of 2.4% and 2.8% in 2010 and 2011 respectively, Cuba’s real GDP expanded by 3% in 2012. Economic stability was also reflected in the travel and tourism sector and growth was recorded in both domestic and international trips. Havana is a leading business and leisure tourist destination. In TripAdvisor’s 2013 Travelers’ Choice Awards, Havana was ranked first of 54 tourist destinations ‘on the rise’, based on traveler feedback. Santiago de Cuba, the second-largest city in Cuba, is also a leading tourist destination. It is home to San Pedro de la Roca, a UNESCO World Heritage site, and Baconao Park, which is on the UNESCO World Heritage Biosphere Reserve List. Domestic tourism in Cuba has been growing since 2008 when President Raúl Castro lifted the ban on Cubans staying at hotels previously reserved for foreigners. The growth can also be attributed to capitalist reforms made by the government allowing residents to travel freely. The average expenditure per domestic tourist increased during the period, from CUP156.2 (US$7.0) in 2009 to CUP212.0 (US$9.5) in 2013. Cuba recorded a 33.3% increase in arrivals from the US in 2012, driven by the lifting of a ban on travel to Cuba by the US authorities. The number of arrivals from the US increased at a CAGR of 20.4%; it is expected to become the second-largest source country for Cuba in 2018. In January 2013, the government decided to ease restrictions on Cubans traveling overseas. According to the new law, Cubans are now permitted to travel in foreign countries without the need for an exit permit. In addition, it is not mandatory for Cubans to return to Cuba to have their passports renewed for two years. As a result, many Cubans are now looking for tourism offerings as well as job opportunities outside of Cuba, specifically in the US, Mexico, Canada and Spain. Total airline capacity recorded a growth of 10.4% in 2013, increasing from 2.1 million seats in 2012 to 2.3 million in 2013. The increase can partly be attributed to various airlines expanding their fleets, particularly national flag carrier Cubana. Cubana added three Antonov An-158s in 2013 and plans to add three more in 2014. The Cuban hotel market remained relatively stable during the review period, with total revenue posting a CAGR of 1.20%. Steady tourism demand from key source countries helped the industry to grow. However, a decline at a rate of -19.8% was recorded in the number of establishments in 2012. The decline can partially be attributed to Hurricane Sandy, which devastated several buildings, particularly in Santiago de Cuba, in October 2012. Additionally, as foreign investors can only buy into the luxury segment, there was a decline in the number of budget hotels. The car rental market is characterized by old cars as, up until 2010, Cubans were not permitted to buy or sell cars. The market performed well during the review period, with the industry’s total market value increasing at a CAGR of 4.99%. Following a decline of 6.5% in 2009 due to a decrease in leisure and business tourism in the wake of the eurozone debt crisis, the car rental market recovered. The travel intermediaries’ market value increased at a review-period CAGR of 8.51%. Dynamic packages (or customized tour packages) in particular have recorded robust growth during the period at a CAGR of 31.91%. The growth can be attributed to dynamic packaging being a new concept allowing the customer to customize the package according to their needs. table Of Contents 1 Executive Summary 2 Travel And Tourism Sector In Context 3 Country Fact Sheet 4 Tourism Flows 4.1.1 Domestic Tourism 4.1.2 Inbound Tourism 4.1.3 Outbound Tourism 4.2.1 Government Campaigns And Events To Promote Domestic Tourism 4.2.2 Lifting Of Travel Restrictions By The Us 4.2.3 Economic Reforms To Attract Foreign Investors Travel and Tourism in Cuba to 2018
  2. 2. 4.2.4 Business-friendly Policies To Attract Foreign Investment 4.2.5 Outbound Tourism Supported By Economic Growth And Liberalized Travel Restrictions 4.2.6 Infrastructure Development 4.3.1 Domestic Tourism 4.3.2 Inbound Tourism 4.3.3 Outbound Tourism 5 Airlines 5.2.1 Growing Number Of Charter Airlines 5.2.2 Close Ties With Brazil To Support Tourism Growth 5.2.3 Expansion In Air Capacity And Infrastructure 6 Hotels 6.2.1 Government Efforts To Promote The Market 6.2.2 New Hotels Are Opening In Cuba 7 Car Rental 7.2.1 Lack Of Proper Infrastructure 7.2.2 Growth Expected In The Number Of Business Customers 8 Travel Intermediaries 8.2.1 Expansion Of Us Travel Intermediaries Into Cuba 8.2.2 Restricted Internet Usage 9 Tourism Board Profile 10 Airport Profiles 10.1.1 Overview 10.1.2 Operator Profile 10.1.3 Routes 11 Company Profiles – Airlines 11.1.1 Aerocaribbean – Company Overview 11.1.2 Aerocaribbean – Main Services 11.1.3 Aerocaribbean – Key Employees 11.2.1 Aerogaviota Sa – Company Overview 11.2.2 Aerogaviota Sa – Main Services 11.2.3 Aerogaviota Sa – Key Employees 11.3.1 Cubana De Aviación Sa – Company Overview 11.3.2 Cubana De Aviación Sa – Main Services 11.3.3 Cubana De Aviación Sa – Key Employees 12 Company Profiles – Hotels 12.1.1 Meliá Hotels Cuba – Company Overview 12.1.2 Meliá Hotels Cuba – Main Services 12.2.1 Grupo Hotelero Islazul– Company Overview 12.2.2 Grupo Hotelero Islazul– Main Services 12.3.1 Grupo Hotelero Cubanacan Sa – Company Overview 12.3.2 Grupo Hotelero Cubanacan Sa – Main Services And Brands 12.4.1 Gran Caribe Grupo Hotelero – Company Overview 12.4.2 Gran Caribe Grupo Hotelero – Main Services 12.5.1 Habaguanex Hotels – Company Overview 12.5.2 Habaguanex Hotels – Main Services 13 Company Profiles – Car Rental 13.1.1 Via Rent A Car Transgaviota – Company Overview 13.1.2 Via Rent A Car Transgaviota – Main Services 13.1.3 Via Rent A Car Transgaviota – Key Employees 13.2.1 Transtur Sa – Company Overview Travel and Tourism in Cuba to 2018
  3. 3. 13.2.2 Transtur Sa – Main Services 14 Company Profiles – Travel Intermediaries 14.1.1 Marysol Travel Services Sa – Company Overview 14.1.2 Marysol Travel Services Sa – Main Services 14.1.3 Marysol Travel Services Sa – Key Employee 14.2.1 Liberty International Cuba – Company Overview 14.2.2 Liberty International Cuba – Main Services 14.2.3 Liberty International Cuba – Key Employees 14.3.1 Cuba Real Tours – Company Overview 14.3.2 Cuba Real Tours – Main Services 14.3.3 Cuba Real Tours – Key Employee 14.4.1 La Coronación Sa – Company Overview 14.4.2 La Coronación Sa – Main Services 14.5.1 Cubanjourneys.com – Company Overview 14.5.2 Cubanjourneys.com – Main Services 15 Market Data Analysis 15.1.1 Number Of Trips And Overnight Stays 15.1.2 Number Of Overnight Stays 15.1.3 Total Domestic Tourist Expenditure 15.1.4 Average Expenditure Per Domestic Tourist By Category 15.2.1 International Arrivals By Region 15.2.2 International Arrivals By Purpose Of Visit 15.2.3 Total Inbound Tourism Expenditure By Category 15.2.4 Average International Tourist Expenditure By Category 15.3.1 International Departures By Region 15.3.2 International Departures By Purpose Of Visit 15.3.3 Number Of Overnight Stays 15.3.4 Total Outbound Tourism Expenditure By Category 15.3.5 Average Overseas Expenditure Per Resident By Category 15.4.1 Seats Available 15.4.2 Number Of Seats Sold By Passenger Type 15.4.3 Load Factor 15.4.4 Passenger Kilometers Available 15.4.5 Revenue-generating Passenger Kilometers 15.4.6 Revenue Per Passenger 15.4.7 Total Airlines Revenue 15.5.1 Hotel Establishments 15.5.2 Available Rooms 15.5.3 Room Occupancy Rate 15.5.4 Room Nights Available 15.5.5 Room Nights Occupied 15.5.6 Average Revenue Per Available Room 15.5.7 Revenue Per Occupied Room 15.5.8 Total Revenue Per Available Room 15.5.9 Total Hotel Revenue 15.5.10 Guests By Customer Type 15.6.1 Market Value By Customer Type 15.6.2 Fleet Size 15.6.3 Rental Occasions 15.6.4 Rental Length 15.6.5 Average Rental Length 15.6.6 Utilization Rate 15.6.7 Average Revenue Per Day 15.7.1 Travel Intermediaries Market Value By Product Type 15.7.2 Travel Intermediaries Market Value By Channel 15.7.3 Travel Intermediaries Market Value By Destination 15.7.4 Travel Intermediaries Market Value By Customer Type 16 Appendix ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an Travel and Tourism in Cuba to 2018
  4. 4. informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Travel and Tourism in Cuba to 2018

×