Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3758
cepal.docTypeSeries
cepal.idSade52434
cepal.jobNumberS20131129
cepal.physicalDescriptiongráficos
cepal.regionalOfficePuerto España
cepal.topicEngTOURISM
cepal.topicSpaTURISMO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorPhillips, Willard
dc.coverage.spatialEngCARIBBEAN REGION
dc.coverage.spatialSpaCARIBE
dc.date.accessioned2014-03-20T14:40:44Z
dc.date.available2014-03-20T14:40:44Z
dc.date.issued2014-02
dc.descriptionIncludes bibliography.
dc.description.abstractAlthough tourism has been a major economic sector in the Car ibbean s ince the mid-1960s, the sector now faces significant challenges as competit ion intensif ies in the global tourism market. These challenges include environmental impacts, and the need for continued high levels of public investment in order to sustain the tourism product. The precariousness of the sector was made starkly evident with the onset of the global recession in 2009, when the sector recorded significant decline. Notwithstanding some limited recovery since that time, the recent experience highlighted the need for Caribbean countries to undertake more vigorous efforts towards diversifying their economies in general, and enhancing their tourism sectors in particular. One area identif ied for specific development is yachting and marina services, a sub-sector which is widely regarded as having significant economic potential. Towards this end, the present study seeks to examine the nature of recreational demand for yachting and marina services in the Caribbean. In order to achieve this, a simple demand model is estimated, and elast icities calculated for three demand var iables. Using data from eight countries, the model identified income in the source market, airline t icket cost, and the frequency of hurricanes as the three most critical variables which influenced consumers’ decision to seek yachting and marina services in the Caribbean.
dc.description.tableOfContentsI. Tourism and marina services in the Caribbean .-- II. The demand for marina services in the Caribbean – theoretical framework .-- III. Specifying the demand model .-- IV. Model estimation and results .-- V. Policy implications and recommendations .-- VI. Conclusion and limitations of the research.
dc.formatTexto
dc.format.extent31 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.3758
dc.identifier.unSymbolLC/CAR/L.421
dc.identifier.urihttps://hdl.handle.net/11362/36618
dc.language.isoeng
dc.physicalDescription31 p.; grafs.
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesStudies and Perspectives Series (The Caribbean)
dc.relation.isPartOfSeriesNo31
dc.rights.coarDisponible
dc.subject.unbisEngTOURISM
dc.subject.unbisEngTOURIST FACILITIES
dc.subject.unbisEngTOURISM POLICY
dc.subject.unbisSpaTURISMO
dc.subject.unbisSpaINSTALACIONES Y SERVICIOS DE TURISMO
dc.subject.unbisSpaPOLITICA TURISTICA
dc.titleTowards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean
dc.type.coarlibro
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