Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism

The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean, facilitating the birth and growth of alternative destinations. Therefore, the apprehension of the Caribbean tourism industry towards a change in US travel policy to Cuba is understandable, bu...

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Bibliographic Details
Published in:Policy File 2017
Main Authors: Acevedo Mejia, Sebastian, Alleyne, Serge Coleridge Trevor, Romeu, Rafael
Format: Report
Language:English
Subjects:
Developing countries
Economic policy
Industry
International cooperation
International Monetary Fund
LDCs
Online Access:Request full text
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Summary:The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean, facilitating the birth and growth of alternative destinations. Therefore, the apprehension of the Caribbean tourism industry towards a change in US travel policy to Cuba is understandable, but likely unwarranted. The history of tourism in the region has shown that it is possible for all destinations to grow despite large changes in market shares. Our estimations show that liberalizing US-Cuba tourism could result in US arrivals to Cuba of between 3 and 5.6 million, most of it coming from new tourists to the region. We also identify the destinations most at risk of changes in US-Cuba relations.