Friday, 01 Mar 2024

Caribbean Showing Signs of Growth

ForwardKeys reported that travel in the Caribbean increased significantly through September 2022. Meanwhile, the WTTC forecasts a favorable growth rate for the region.

Caribbean Showing Signs of Growth

A new study by ForwardKeys highlights that the friendly hospitality and excellent air connections now justify more international visitors to the Caribbean than other parts of the world.

Throughout 2020 and 2021, ForwardKeys' data revealed the success stories of Puerto Rico and the Dominican Republic, but in 2022 the number of travelers across the region grows, the report adds.

VP of Insights at ForwardKeys, Olivier Ponti, noted that the Caribbean example is not limited to recovery, but growth, despite all the macroeconomic factors, such as the slowdown in the global economy and rising gasoline costs.

In the fourth quarter of this year, tourism figures accelerated even more. Leading the way in arrivals from abroad is the Dominican Republic, with 40 percent more than in 2019, followed by the U.S. Virgin Islands (+33 percent), Bonaire (+30 percent), and Martinique (+26 percent).

Air connectivity is the key to achieving growth, Ponti adds, as a look at the Seat Capacity Data shows destinations such as the Dominican Republic and Guadeloupe performing better thanks to increased direct flights since 2019.

In the fourth quarter, the Caribbean is very popular among Colombians. There is a 54 percent change in the number of arrivals versus the same time in 2019. Meanwhile, Curacao may see a +304 percent change from Argentina.

Finally, some Caribbean destinations are even managing to attract the non-leisure market. Across the region, business travel is returning and in growth mode.

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