Research and Markets: Travel and Tourism in Cuba to 2018: Number of Arrivals from the US Increased at a CAGR of 20.4%

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/rxwsmk/travel_and) has announced the addition of the "Travel and Tourism in Cuba to 2018" report to their offering.

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.

Key Highlights

- 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.

- 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.

Companies Mentioned:

  • Aero Caribbean
  • Aerogaviota
  • Cubana de Aviación S.A.,
  • Meliá Hotels Cuba
  • Grupo Hotelero Islazul
  • Grupo Hotelero Cubanacan SA
  • Gran Caribe Grupo Hotelero
  • Habaguanex Hotels
  • Via Rent a Car TransGaviota
  • Transtur SA
  • Marysol Travel Services SA
  • Liberty International Cuba
  • Cuba Real Tours
  • La Coronación SA
  • Cubanjourneys.com

For more information visit http://www.researchandmarkets.com/research/rxwsmk/travel_and

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Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Travel and Tourism

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Travel and Tourism