Caribbean Tourism Review Tourist Industry Update - 2013 1. 2. Caribbean Performance World Performance Despite a world economy which was described by the International Monetary Fund (IMF) as being in “low-gear” global stay-over arrivals expanded by 5% in 2013 to a record breaking total of 1.087 billion. The World Tourism Organization (UNWTO) reported that in absolute terms 52 million more international tourists travelled around the world in 2013. Additionally, UNWTO stated that arrivals continued to grow faster than the expected rate of 3.8%1, with growth of arrivals to emerging economies2 outpacing that of advanced economies3. All regions contributed positively to the overall performance with noteworthy performances being recorded in Asia and the Pacific (6.0%), Africa (5.6%) and Europe (5.4%), all of which attained growth levels higher than the global average. The Americas and more-so the Caribbean4 continued to struggle to maintain significant growth levels. The Caribbean was the third fastest growing region for 2012 but only outperformed the volatile Middle East in 2013. See table 1.1 below for more details. 2.1. Stay-over (Tourist) Arrivals Based on the latest information provided by CTO’s member countries, the Caribbean recorded modest growth in 2013. The mixed performances among the destinations resulted in an estimated 25.1 million tourists visiting the region, which was 1.8% (446.0 thousand) more than the revised 24.6 million of 2012. The Caribbean region continued to be adversely affected by relatively weak economic conditions which persist in its key markets. However, double digit growth in the South American market was recorded, reflecting intense focus on attracting tourists from emerging markets. Nevertheless, the momentum which was generated over the previous two years has been significantly reduced, as month-over-month changes in total stay-over arrivals were moderate. 15.0 Figure 2.1.1: Monthly Changes in Tourist Atrivals (Y-o-Y) 10.0 2009 World Europe Asia and the Pacific Americas Caribbean Africa Middle East Sources: UNWTO, CTO 1 -3.9% -5.0% -1.6% -4.7% -4.7% 3.4% -5.1% 2010 2011 2012 Real Full Year, Change 6.5% 4.9% 4.0% 3.1% 6.4% 3.4% 13.2% 6.6% 6.8% 6.6% 3.6% 4.5% 1.6% 2.7% 4.9% 9.3% -0.5% 6.9% 11.6% -6.1% -5.2% 2013 5.0% 5.4% 6.0% 3.6% 1.8% 5.6% 0.3% UNWTO Long term forecast (2010-2020) Classification based on the IMF 3 Classification based on the IMF 4 Anguilla, Antigua & Barbuda, Aruba, The Bahamas, Barbados, Belize, Bermuda, Bonaire, British Virgin Islands, Cayman Islands, Cuba, Curacao, Dominica, Dominican Republic, Grenada, Guadeloupe/St. Barts/St. Martin, Guyana, Haiti, Jamaica, Martinique, Montserrat, Puerto Rico, Saint Lucia, St. Eustatius, St. Kitts & Nevis, St. Maarten, St. Vincent & the Grenadines, Suriname, Trinidad & Tobago, Turks & Caicos Islands, U.S. Virgin Islands and the Mexican Caribbean (Cancun and Cozumel) 2 PERCENTAGE Table 1.1: Outlook for International Tourist Arrivals 5.0 0.0 2008 2009 2010 2011 2012 2013 -5.0 -10.0 -15.0 YEAR Growth in arrivals during the winter season5 of 2013 was slight (+0.7%), noteworthy growth recorded was only during March. Historically, March is the month in which the most tourists arrive. The performance in 2013 was even more significant as the 2.8 million tourists recorded then were the highest number at any point in time. The early Easter celebrations would have fortified the arrivals in March and overshadowed April’s number. With the exception of July and September which were flat, stop-over arrivals to the region grew in each month of the summer season (MayDec). The best performances during this period were 5 The tourist winter season extends from December 15th of one year until to March 15th of the following year but statistically; it is approximated by the months of January to April. Page |2 recorded in May (4.7%), November (4.5%), August (3.8%) and October (3.5%). December is forecast to increase by 1.3%. Collectively, arrivals rose by 2.5% during the summer season. Figure 2.1.2: Monthly Tourist (Stop-Over) Arrivals 2009-2013 3000 2009 2010 2011 Thousands 2500 2012 improvement in the Dutch Caribbean number can be attributed to an 18% upsurge in travel from the South American continent and a moderate 3.4% increase in arrivals from the more traditional US market. The OECS countries - with a market share of 5.4%, experienced little incremental growth in overall tourists (0.1%). Arrivals to Other Commonwealth countries fell slightly by -0.6%. Consequently, the collective 18-nation Commonwealth Caribbean declined by 0.5 % for the year. (Refer to Table2.1.1 and Figure 2.1.3). 2013 2000 Figure 2.1.3: Tourist Arrivals by Sub-Region 1500 1000 J F M A M J J A S O N D Month Of the 26 Caribbean destinations submitting data to CTO for 2013, 18 reported increases in tourist arrivals. Only Guyana, Haiti and Montserrat managed to record double-digit increases of 11.6%, 20.2% and 37.9% respectively albeit from relatively low levels. Appreciable growth, in excess of 5%, was realized in Aruba, Belize, and Cayman Islands and the twelve (12) other countries with improved levels of tourist arrivals grew by less than 5%. Fewer tourists visited eight (8) destinations during 2013. This group included Cuba (-0.5%), the Bahamas (-5.3%) and Barbados (-5.5%). Added to these were smaller destinations which depend largely on intra-regional travel and/or visitors from the United Kingdom. (See appendix for more details). 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 43.5 43.3 15.7 15.4 5.2 7.9 5.3 7.7 22.3 22.9 OTHER C"BEAN US TERR. DU. CARIBBEAN OTHER C’WEALTH OECS COUNTRIES 5.4 2013 FR. CARIBBEAN 5.5 2012 United States remained the most important supplier of tourists to the region as its share of total arrivals averaged 50% over the last five years. There was no further expansion of market share in 2013 despite a 2.9% increase in arrivals from this market. About 12.3 million Americans visited the region with most arriving in Bahamas, Jamaica, Dominican Republic and Puerto Rico. Several other destinations received creditable returns from this market. (Refer to Table 2.1.2). By region, market shares were generally maintained. The Table 2.1.2: Tourist Arrivals to the Caribbean by Main Market ('000) Table 2.1.1: Tourist Arrivals to the Caribbean by Sub-region (000s) SUB-REGION 2013e 2012e % CH COMMONWEALTH CARIBBEAN 6,926.2 6,959.8 -0.5 OECS COUNTRIES 1,341.3 1,340.6 0.1 OTHER C’WLTH COUNTRIES 5,583.9 5,619.2 -0.6 DUTCH CARIBBEAN 1,972.2 1,880.7 4.9 FRENCH CARIBBEAN 1,305.2 1,312.6 -0.6 US TERRITORIES 3,916.7 3,776.0 3.7 OTHER CARIBBEAN COUNTRIES 10,891.1 10,635.2 2.4 TOTAL CARIBBEAN 25,010.3 24,564.3 1.8 of which CARICOM 6,326.5 6,313.0 0.2 Note: Imputed from data on international travel to member countries. Source: CTO Member Countries and CTO estimates. Other Caribbean group, which includes the large destinations like Cuba, Dominican Republic, Haiti and Suriname, upheld its dominance (44%) on the total arrivals in 2013. The performance in Cuba was flat while DR recorded an increase of 2.0%. Consequently the group had an increase of 2.4% over the previous year. The 4.9% MARKETS 2009 2010 2011 2012 2013e Total Arrivals United States Canada 22,426.5 22,790.1 23,407.0 24,564.3 25,010.3 %ch 13/12 1.8 11,278.1 11,305.4 11,404.2 11,975.9 12,323.1 2.9 2,558.9 2,677.0 2,865.0 3,063.5 3,085.9 0.7 Europe 4,916.2 4,857.0 4,962.8 4,916.5 4,734.3 -3.7 Caribbean 1,457.9 1,487.0 1,584.4 1,562.8 1,595.2 2.1 858.9 898.2 1,131.6 1,289.6 1,456.9 13.0 1,356.5 1,565.5 1,459.1 1,756.0 1,814.9 3.4 South America Other* Note: - * The list of countries included in “other” varies from country to country. Imputed from data on international travel to member countries. Source: CTO Member Countries and CTO estimates. Canadian stay-over visitors to the region moved from 3.06 million in 2012 to 3.09 million, an increase of 0.7%, making it the lowest year-over-year growth in this market since Page |3 1997. This performance reflected the fact that there was marginal growth in the number of Canadians (0.1%) undertaking international trips excluding those visiting the neighbouring USA. Altogether, total outbound travel from Canada increased by 2.0%6 up to November. This notwithstanding, the usual large number of tourists from this market visited Cuba, Dominican Republic and Jamaica. The ongoing challenges in Europe, though not as severe as in previous years, affected arrivals into the region as there was a further reduction of tourists from the European countries in 2013. By the end of the year an estimated 4.7 million Europeans visited the region, some 3.7% fewer than the previous year. Of the 11 destinations with 50,000 or more arrivals from this market, only Bahamas (0.5%) and Jamaica (5.5%) registered growth. Demand for Caribbean vacations is particularly reduced in the United Kingdom in light of the Air Passenger Duty and low economic growth (below an estimated 2% in 2013). This is reflected in falling arrivals from those countries with heaviest dependence on this market (See tables 2.1.2 and 2.1.3). Table 2.1.3: United Kingdom Arrivals by Sub-Region (‘000) REGION 2009 2010 2011 2012 2013 Commonwealth 728.4 686.9 696.2 654.3 645.5 Countries OECS 218.7 207.4 219.7 219.8 208.9 Countries Other 509.7 479.5 476.5 434.5 436.6 Commonwealth Other 433.3 432.1 409.5 353.8 349.0 Caribbean Total Caribbean 1,161.5 1,119.0 1,105.8 1,008.2 994.6 of which 660.5 628.4 639.9 595.4 584.3 CARICOM Note: Imputed from data on international travel to member countries. Source: CTO Member Countries and CTO estimates. % CH -1.3 -5.0 0.5 -1.3 -1.4 -1.9 While arrivals from the main source markets were teetering, tourists from South America were flocking to the region. The numbers moved from an estimated 858.9 thousand in 2009 to in excess of 1.4 million at the end of 2013, almost 13.0% more than in 2012 and 70% more than in 2009. The main destinations to record positive results in 2013 were Aruba (26.1%), Jamaica (15.9%), Suriname (12.4%), and Curacao (9.5%) and Dominican Republic (4.6%). Statistics for 2013 revealed that 2.1% more Caribbean residents visited neighboring destinations than in 2012. It is estimated that 1.6 million Caribbean people travelled between islands for touristic purposes. Non-Commonwealth Caribbean countries dominated in numbers with an increase 6 Tourism Snapshot October 2013, Canadian Tourism Commission of 3.7%. The Commonwealth Countries experienced a decrease in visits from Caribbean nationals of 0.5%. The OECS which have significant intra-Caribbean tourism (accounting for 20-50% of total market share across countries), showed 3.4 % contraction in the arrivals. Table 2.1.4: Intra-Caribbean Arrivals by Sub-Region (‘000) REGION 2009 2010 2011 2012 2013e Commonwealth 631.3 601.8 654.7 624.3 621.5 Countries OECS Countries 298.9 284.9 284.6 283.6 273.9 Other 332.3 316.9 370.1 340.6 347.6 Commonwealth Other Caribbean 826.6 885.2 929.7 938.50 973.7 Total Caribbean 1,457.9 1,487.0 1,584.4 1,562.8 1,595.2 Of which CARICOM 573.0 541.8 575.2 575.4 579.9 % CH -0.5 -3.4 2.1 3.7 2.1 0.8 2.2. Caribbean Performance - Cruise Activity For 2013, the Caribbean was reported to be the leading cruise destination by Cruise Lines International Association (CLIA7) and accounted for 45.3%8 of global ship deployments. Cruise passengers to the region totaled 21.89 million which represented a moderate pickup in cruise activity of 2.7% when compared to 2012. The fluctuations in cruise arrivals in individual destinations ranged from declines of 21.8% (Grenada) to increases of 45.1% in Curacao. Twice as many destinations (12), of the 23 destinations upon which the estimates are based, recorded increased cruise activity in 2013 over 2012. However, many destinations which are located furthest away from the US still struggle to boost cruise arrivals. A review of the monthly performance showed that the summer months of 2013 were the best since 2010 for cruise in the Caribbean. Table 2.2.1: Cruise Passenger Arrivals to the Caribbean 2009 - 2013 ('000) 2009 2010 2011 2012 2013 Cruise Pax 19,452.4 21,125.4 21,544.2 21,313.1 21,884.8 %ch 13/12 2.7 NOTE: Imputed from data on Cruise Passenger travel to member countries Source: CTO Member Countries and CTO estimates. 7 CLIA is the world's largest cruise industry trade association with representation in North and South America, Europe, Asia and Australasia. 8 CLIA’s figure adjusted to include Bahamas and Bermuda 9 Total cruise passenger arrivals as given in table represent the sum of arrivals at all destinations. However, because most cruise ships stop at more than one destination, this figure is considerably larger than the actual number of cruise passengers visiting the region. Page |4 Figure 2.2.1: Monthly Cruise Passenger Arrivals 20092013 Figure 3.1: Changes in Caribbean Hotel Indicators 3500 15.0 10.0 2009 2500 2011 1500 2012 2013 1000 Room Revenue 5.0 2010 2000 % change Thousands 3000 Room Occ 0.0 2009 2010 2011 2012 2013 -5.0 Avg Room Rate revPAR Room Avail -10.0 500 J F M A M J J A S O N -15.0 D Month -20.0 3. Accommodation performance All major hotel performance indicators remained positive for 2013, but at slower rates of growth. The 2013 occupancy rate (67.1%) was directly in line with pre-crisis levels. The average room rate reached US$186.55 compared to US$175.62 in 2012. The revenue per available room (revPAR) also grew in the period from US$116.42 to US$125.20. There was no month during the year in which either of these indicators fell below the 2012 level. The number of available rooms remained unchanged but room revenue increased by 7.6% (refer to Table 3.1). Table 3.1: Caribbean Hotel Performance 2009-2013 (January-December *) 2009 Percent Room Occupancy (%) Average Room Rate (US$) revPAR (US$) 2010 2011 2012 2013 4. Visitor Spending The collection and tabulation of visitor expenditure data is primarily obtained through the more rigorous process of surveying visitors at the ports of departure lags behind those of visitor arrivals statistics. Thus official expenditure data for 2013 is not generally available yet. However, CTO estimated that visitors spent US$28.1 billion regionally, an increase of 2.3% when compared to 2012. The positive outcome is supported by the fact that all leading hotel performance indicators are positive and the recent rising trends of visitors spending. Table 4.1: Estimates of Visitor Expenditure(US$ M) 2009 2010 2011 2012 % Chg 61.6 61.1 61.8 66.3 67.1 1.2 Total 156.32 161.41 167.56 175.62 186.55 6.2 Y-o-Y % 96.25 98.66 103.59 116.42 125.20 24,419.1 25,497.0 26,460.6 27,413.2 28,054.9 -10.2 4.4 3.8 3.6 2.3 Source: CTO Member Countries and CTO estimates 7.6 % change -16.4 3.8 5.2 10.9 7.6 Room Revenue -17.1 4.4 6.2 %change 0.8 0.5 0.9 -1.8 0.0 Room Avail Notes: *- As reported in given year. The information contained in this table is based upon independent surveys and research from sources considered reliable but no representation is made as to its completeness or accuracy. Copyright: 2011 Smith Travel Research 8.9 7.6 2013 Page |5 5. Air Capacity High oil prices, relatively weak economic growth and price wars between the low cost carriers and legacy airlines, have been part of the aviation landscape in recent times. Despite these hindrances the demand for air travel, driven by improved industry efficiency, remains robust. For 2013, the International Civil Aviation Organization, (ICAO) estimated that 3.1 billion passengers travelled through the air transport network and that the number of aircraft departures, grew by over one million to a new record of 33.0 million. Latin America and the Caribbean (LAC) accounted for 5% of the world air transport market, only ahead of Africa (2%), but its growth in 2013 of 6.3% was higher than the world average (5.2%), Europe (3.8%) and North America (2.2%). The fastest growing regions are the Middle East (11.2%), Asia and Pacific (7.2%) and Africa (7.0%). When only international passengers are considered, LAC region has the second highest growth rate of 8.6%. The load factor in the region (76.1%) was slightly below the global average of 79.1% 6. Summary/Conclusion and Outlook It is expected that 2014 will be a better year generally. According to the IMF, the impetus for global growth should come largely from recovery in advanced economies. Our main markets from which tourists originate are expected to grow between 1% (Euro zone) and 2.8 % (USA). The demand for travel will remain buoyant and the Caribbean should expect tourist arrivals to increase between 2% and 3% in 2014. Cruise activity should pick up as well, more ships are being delivered, several of which will be deployed in regional waters. For 2014, cruise passenger arrivals should increase by about 3%. About the Caribbean Tourism Organization The Caribbean Tourism Organization (CTO), with headquarters in Barbados and offices in New York and London, is the Caribbean’s tourism development agency comprising membership of over 30 countries and territories including Dutch, English, French and Spanish, as well as a myriad of private sector allied members. The CTO’s vision is to position the Caribbean as the most desirable, year round, warm weather destination, and its purpose is Leading Sustainable Tourism - One Sea, One Voice, One Caribbean. Among the benefits to its members the organization provides specialized support and technical assistance in sustainable tourism development, marketing, communications, advocacy, human resource development, research and information technology. In addition the CTO, in partnership with the Caribbean Hotel & Tourism Association, jointly and equally owns the Caribbean Tourism Development Company, a marketing and business development entity dedicated to promoting the Caribbean brand worldwide. The CTO’s Headquarters is located at Baobab Tower, Warrens, St. Michael, Barbados BB 22026; Tel: (246) 4275242; Fax: (246) 429-3065; E-mail: CTObarbados@caribtourism.com. The CTO’s New York office is located at 80 Broad St., Suite 3302, New York, NY 10004, USA: Tel: (212) 635-9530; Fax: (212) 635-9511; E-mail: CTOny@caribtourism.com; The CTO’s London office is located at The Quadrant, Richmond, Surrey TW9 1BP, England. Tel: 011 44 208 948 0057; Fax: 011 44 208 948 0067; E-mail: CTOlondon@caribtourism.com; For more information on the Caribbean Tourism Organization please visit www.OneCaribbean.org. Get the latest CTO updates on Twitter at http://www.twitter.com/ctotourism. Connect with CTO on Facebook at http://www.facebook.com/CaribbeanTourismOrganization. Page |6 Appendix Table 1A - Tourist (Stop-Over) Arrivals and Cruise Passenger Visits in 2013 Tourist Arrivals Destination Anguilla Antigua & Barbuda * Aruba Bahamas Barbados P Belize P Bermuda Bonaire British Virgin Islands Cayman Islands Cozumel (Mexico) Cuba Curacao Dominica P Dominican Republic * Grenada Guyana n *** Haiti Jamaica Martinique Montserrat Puerto Rico ** Saint Lucia St. Kitts & Nevis ^ St. Maarten St. Vincent & the G’dines Suriname Turks & Caicos islands US Virgin Islands Period Jan-Nov Jan-Jul Jan-Dec Jan-Oct Jan-Nov Jan-Nov Jan-Nov Jan-Sep Jan-Dec Jan-Nov Jan-Dec Jan-Oct Jan-Dec Jan-Sep Jan-Oct Jan-Mar Jan-Nov Jan-Dec Jan-Sep Jan-Sep Jan-Dec Jan-Oct Jan-Sep Jan-Oct Jan-Sep Jan-Oct Tourists 61,006 149,464 979,256 1,136,898 457,493 263,065 223,065 281,831 345,387 2,544,308 440,044 65,895 4,689,770 89,070 165,841 99,637 1,807,062 489,706 5,151 1,217,655 318,626 82,540 351,789 57,548 182,402 579,614 Cruise Passenger Visits % Change 2013/12 6.2 -5.4 8.3 -5.3 -5.5 7.0 7.0 3.7 7.0 -0.5 4.9 -0.9 2.8 -0.8 11.6 20.3 0.7 0.3 37.9 1.5 3.9 3.0 1.3 -4.7 4.3 -5.5 Period Jan-Aug Jan-Oct Jan-Nov Jan-Nov Jan-Oct Jan-Nov Jan-Sep Jan-Sep Jan-Dec Jan-Nov Jan-Dec Jan-Nov Jan-Oct Jan-Jun Jan-Aug Jan-Nov Jan-Dec Jan-Sep Jan-Dec Jan-Sep Jan-Oct Jan-Apr Jan-Dec Cruise % Change Passengers 2013/12 379,291 523,783 4,174,702 490,999 521,536 319,459 96,818 263,961 1,375,872 2,414,824 610,186 176,601 299,828 133,165 438,596 1,105,192 103,770 835,640 594,118 1,248,323 58,753 217,383 1,998,579 -1.1 25.4 6.1 11.0 6.7 -15.4 -10.7 -7.7 -8.7 -1.6 41.4 -20.6 12.4 -21.8 1.6 -5.9 11.0 8.9 3.9 -3.1 18.4 -25.1 4.9 Notes:- * Non-Resident Air Arrivals; **Non-Resident Hotel registrations only; *** From 2013, Guyana’s figures include arrivals at the land borders(Moleson Creek & Lethem) which were previously not captured; - No Cruise Figures are Reported, ^ Excludes data from Vance M. Amory Int’l Airport in Nevis ; P Preliminary figures; n New Series; N.B: Figures are subject to revision by reporting countries Source - Data supplied by member countries and available as at February 10, 2016 Page |7 Table A2 - Arrivals by Main Market - 2013 United States Destination Period Canada Europe Other Tourists % ch. Tourists % ch. Tourists % ch. Anguilla Jan-Nov 39,715 Antigua & Barbuda * Jan-Jul 57,013 -10.4 Aruba Jan-Dec 556,258 Bahamas Jan-Oct Barbados P Tourists % ch. 6,567 2.8 11,524 3.3 61,006 6.2 20,718 28.6 51,743 -6.4 19,990 -12.9 149,464 -5.4 4.8 44,338 -3.4 77,006 -3.2` 301,654 21.8 979,256 8.3 897,277 -6.6 96,377 -8.6 65,299 0.5 77,945 2.2 1,136,898 -5.8 Jan-Nov 108,447 -8.7 59,689 -6.1 186,412 -0.7 102,945 -9.6 457,493 -5.5 Jan-Nov 164,002 4.3 23,210 11.5 28,798 11.0 47,055 12.7 225,654 7.6 Bermuda * Jan-Nov 162,980 1.2 25,354 -11.0 27,178 11.5 8,234 16.1 223,746 1.2 Cayman Islands Jan-Dec 265,438 4.8 23,640 -1.9 27,813 30.0 28,496 24.1 345,387 7.4 Cuba 1 Jan-Oct - - 904,829 1.8 523,898 -17.0 881,315 7.6 2,310,042 -1.3 Curacao Jan-Dec 61,477 0.0 9,568 -1.4 175,217 0.8 193,782 11.0 440,044 4.9 Jan-Sep 14,246 -4.3 2,221 -1.1 9,681 3.2 31,149 -4.8 57,297 -3.3 0.9 4,689,770 2.0 Belize Dominica P 3,200 % ch. 8.7 P 7.4 Tourists Total Dominican Republic * Jan-Dec 1,587,404 9.0 684,071 Grenada Jan-Sep 22,790 Guyana n *** Jan-Oct 69,294 -17.8 Jamaica Jan-Nov 1,152,963 Montserrat Jan-Sep 1,229 21.6 Puerto Rico ** Jan-Sep 1,111,723 1.9 16,529 Saint Lucia Jan-Dec 128,331 11.5 St. Kitts & Nevis ^ Jan-Oct 53,963 3.6 St. Maarten * Jan-Sep 187,550 1.5 10.8 -0.3 1,128,765 7,215 36.2 -1.1 1,289,530 20,443 -16.0 38,622 -2.3 Jan-Oct Suriname Jan-Sep 15,896 -0.1 8,178 12.3 67,543 86.7 0.8 349,816 -1.8 211,810 5.5 92,473 -0.3 1,807,062 383 53.2 1,636 73.5 1,903 -9.0 23,027 -0.8 66,376 35,985 -4.6 88,492 -5.2 65,818 8.5 318,626 3.9 5,327 0.9 7,667 9.6 15,583 -1.2 82,540 3.0 33,317 13.7 77,416 -2.6 53,506 -0.5 351,789 1.3 57,548 -4.7 182,402 4.3 -8.3 5,625 5,374 -10.9 24.2 165,841 11.6 -1.0 1,217,655 -0.7 16,101 -0.5 19,926 -6.1 1,325 -21.2 72,551 -7.6 103,152 16.4 land borders(Moleson Creek & Lethem) which were previously not captured; P Preliminary figures; n New Series N.B U.S.V.I reported figures in this tables are Hotel Registrations whereas they reported Stay Over totals are Air Arrivals 1 USA total included in Other ^ Excludes data from Vance M. Amory Int’l Airport in Nevis Source - Data supplied by member countries and available as at February 10, 2016 0.7 5,151 37.9 Notes: * Non-Resident Air Arrivals; **Non-Resident Hotel registrations only; *** From 2013, Guyana’s figures include arrivals at the Figures are subject to revision by reporting countries -0.8 20,826 St. Vincent & the G’dines 89,070 1.5 Page |8 Glossary of Tourism Indicators Tourists - visitors staying at least 24 hours in the country visited Same-day - visitors staying less than 24 hours in the country visited. Cruise Passengers are regarded as a special type of same-day visitor (even if the ship overnights at the port). Yacht Visitors are included among the tourist (stay-over) or same day populations based on their length of stay. Length of Stay - Obtained by dividing the number of overnight stays by the number of arrivals. This is usually calculated by country of residence of the guest and the type of accommodation. Occupancy Rate - Provides information on differences in the use between various types of accommodation and when measured on a monthly basis measures the seasonal patterns in occupancy. Occupancy can be divided into; o o Bed Occupancy - The gross occupancy rate of bed places is calculated by dividing the hotel overnight stays by the product of bed places on offer and the number of days in the corresponding month for the same group of establishments, then multiplying the quotient by 100 to express as a percentage. Room Occupancy Rate - For Hotels and similar establishments the net rate of room occupancy is a measure of capacity utilization. It is calculated by dividing the monthly or yearly sum of occupied rooms by the number of rooms available for use, then multiplying the quotient by 100 to express as a percentage. Tourism Expenditure - the total consumption expenditure made by a visitor for and during his or her trip and stay at a destination. This can be broken down into; o international and domestic tourism expenditure o Expenditure on Same-day visits o the products to which the expenditure relates to (e.g accommodation, meals and drinks, shopping, entertainment etc...) Average Daily Rate (ADR) - Room revenue divided by rooms sold, displayed as the average rental rate for a single room. Percent Change - Amount of growth - up, flat, or down - this period versus same period last year (month or year-to-date). Calculated as ((TY - LY) / LY) * 100. Revenue (Room Revenue) - Total room revenue generated from the sale or rental of rooms. RevPAR (Revenue Per Available Room) - Room revenue divided by rooms available. Page |9 Regional Groupings Caribbean: OECS Countries - Anguilla, Antigua & Barbuda, Dominica, Grenada, Montserrat, Saint Lucia, St Kitts & Nevis, St Vincent & Grenadines Other Commonwealth Countries - Bahamas, Barbados, Belize, Bermuda, British Virgin Is., Cayman Islands, Guyana , Jamaica, Trinidad & Tobago, Turks & Caicos Islands Commonwealth Countries - OECS + Other Commonwealth Dutch Caribbean - Aruba, Bonaire, Curacao, Saba, St Eustatius, St Maarten French Caribbean - Guadeloupe, Martinique US Territories - Puerto Rico, US Virgin Islands Other Caribbean - Cancun, Cozumel, Cuba, Dom Republic, Haiti, Suriname CARICOM - Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St Kitts & Nevis, St Vincent & Grenadines, Suriname, Trinidad & Tobago South America- Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela