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

Author

Listed:
  • Mr. Sebastian Acevedo Mejia
  • Mr. Trevor Serge Coleridge Alleyne
  • Rafael Romeu

Abstract

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.

Suggested Citation

  • Mr. Sebastian Acevedo Mejia & Mr. Trevor Serge Coleridge Alleyne & Rafael Romeu, 2017. "Revisiting the Potential Impact to the Rest of the Caribbean from Opening US-Cuba Tourism," IMF Working Papers 2017/100, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2017/100
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    Citations

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    Cited by:

    1. Mr. Manuk Ghazanchyan & Li Zhao & Steve Brito & Vivian Parlak, 2019. "New Insights into ECCU's Tourism Sector Competitiveness," IMF Working Papers 2019/154, International Monetary Fund.
    2. Paolo Spadoni, 2017. "U.S.-Cuba Business Relations Under The Obama Administration And Prospects Under The Trump Administration," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 27.

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