Resilience By The Numbers
The Caribbean Hotel and Tourism Association (CHTA) is applauding Caribbean tourism stakeholders for their exceptional efforts in leading the global travel rebound this year, noting in particular the strides made by the U.S. Virgin Islands (USVI) and Curaçao.
New research from ForwardKeys reveals that international arrivals to the Caribbean for the first two months in 2023 are behind by only one percent when compared to the same period in 2019.
In contrast, Europe is registering a 25% lag, while Asia-Pacific is 54% behind. Total international inbound is trailing by 31% compared to the same period in 2019.
CHTA President Nicola Madden-Greig said: “These are impressive results for our region.”
According to ticket booking data for arrivals through the end of March, the USVI has recorded an impressive increase of more than 22% compared to the same period in 2019, leading the region.
Following closely behind is St. Maarten, with a growth rate of 18%, while Guadeloupe and Turks and Caicos are tied at 17%. The USVI has also received top marks for its resilience measured by arrivals growth for the first two months of the year compared with 2019.
An important factor contributing to the growth of Caribbean tourism is the increase in travelers from South America. Colombia and Argentina are among the top-growing international markets to the region, with growth rates of 50% and 15%, respectively. Curaçao, Jamaica and Aruba have seen the greatest increases in business from Argentina.
Curaçao is also leading the region in terms of welcoming visitors from South America, primarily through the growing Panama City hub, followed by the Dominican Republic and Aruba.
Olivier Ponti, VP of Insights at ForwardKeys, observed: “ForwardKeys has uncovered the growth of Panama City as a gateway to the Caribbean for trips from South America. Miami is, on the contrary, losing its market share (for connections to the region from South America).”
However, he also noted that limited air capacity remains one of the main challenges hindering growth in some emerging markets for the Caribbean.
Meanwhile, Curaçao has also shown impressive growth in the U.S. market, with Grenada and Antigua and Barbuda following closely behind. For the French market, St. Barts, St. Maarten and Puerto Rico are seeing the highest rates of increase.
According to ForwardKeys, there has been a rise in flight searches from Canada, which is welcome news for the region as travel from Canada has been slower to recover.
Demand for spring and summer travel to the Caribbean is expected to surpass 2019 levels, with spring arrivals projected to exceed 2019 figures by 20% and summer arrivals set to eclipse pre-pandemic records by 48%.
Madden-Greig offered words of encouragement to Caribbean tourism stakeholders, emphasizing the importance of continuing to pursue cooperative efforts and dedication to strengthening the region’s crucial tourism industry.
Go to www.caribbeanhotelandtourism.com for more.
