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Destination Market Insights: Cuba

Destination Market Insights: Cuba


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Executive Summary

The country had a record number of 3.5 million international arrivals in 2015, up from 3 million in 2014. This growth was mainly driven by the easing of travel constraints for American tourists, which led to a significant increase in the number of American tourists that visited the island in 2015, while European visitors grew by 11.4% in the same year, as many wanted to visit Cuba before the expected mass influx of American tourists.

Key Findings

The lifting of travel restrictions for Americans in the coming years will change Cuba's tourism industry. The island will almost double its number of international visitors in the next five years, surpassing 6 million international visitors in 2020, while inbound expenditure will also double in size and will reach USD5.9 billion in 2020. Cuba's hotel shortage is a main concern for the island as the number of international arrivals will grow rapidly in the coming years. There were 57,000 hotel rooms in 2015 and this is expected to grow to 68,000 rooms by 2020; however, more hotels need to be build to keep up with demand. AirBnB started operations in Cuba in April 2015, benefitted from the situation and quickly gained market share, with Cuba now their fastest growing market.

Synopsis

Destination Market Insights: Cuba provides detailed information on the Cuban inbound tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

Detailed market analysis, information, and insights, including:

Historic and forecast tourist volumes and values covering Cuba's inbound tourism sector

Detailed analysis of tourist spending patterns for various categories in the travel and tourism sector, such as purpose of spending and top source markets.

Reasons To Buy

Make strategic business decisions using historic and forecast market data related to Cuba's Inbound Travel & Tourism sector

Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

Direct the promotional efforts on most promising markets by identifying the key source and destination countries

Snapshot

Key Trends

Main Source Markets

Source Markets in Focus : The US

Source Markets in Focus : China

Transport

Hotels

Attractions

Risks

Opportunities

Market Data

Figure 1: International arrivals, by purpose of visit

Figure 2: Top 3 source markets

Figure 3: Inbound tourism expenditure

Figure 4: Average spend per International tourist (in USD)

Figure 5: Domestic Trips, by purpose of visit

Figure 6: Outbound Trips

Figure 7: International arrivals in Cuba

Figure 8: International arrivals in Cuba

Figure 9: Number of Seats Available/Seats Sold

Figure 10: Total Airline Revenue

Figure 11: Number of Rooms

Table 1: Key Statistics, 2015

Table 2: Inbound Trips (in 000s)

Table 3: US Visitors in the Caribbean (in millions)

Table 4: Major Hotel Companies in Cuba, 2015

Table 5: International arrivals by region (in 000's), 2011-2020

Table 6: International arrivals by purpose of visit (in 000's), 2011-2020

Table 7: International arrivals by country (in 000's), 2011-2020

Table 8: Overnight stays (in millions), 2011-2020

Table 9: International arrivals by mode of transport (in 000's), 2011-2020

Table 10: Average length per inbound trip ( number of nights spent), 2011-2020

Table 11: Total inbound tourism expenditure by category (in CUC millions), 2011-2020

Table 12: Total inbound tourism expenditure by category (in USD millions), 2011-2020

Table 13: Average inbound expenditure per resident by category (in CUC), 2011-2020

Table 14: Average inbound expenditure per resident by category (in USD), 2011-2020

Table 15: Domestic arrivals by purpose of visit (in 000's), 2011-2020

Table 16: Average length per domestic trip (number of nights spent), 2011-2020

Table 17: Overnight stays (in millions), 2011-2020

Table 18: Total domestic tourism expenditure by category (in CUC millions), 2011-2020

Table 19: Total domestic tourism expenditure by category (in USD millions), 2011-2020

Table 20: Average domestic expenditure per resident by category (in CUC), 2011-2020

Table 21: Average domestic expenditure per resident by category (in USD), 2011-2020

Table 22: Passenger airlines- Key performance indicators, 2011-2020

Table 23: Hotels- Key performance indicators, 2011-2020

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Condor

American Airlines

Carnival

Meli Hotels

Marriot International

Cuba Travel and Tourism, Tourism demand factors, Arrivals to Cuba. Cuban tourism sector, Tourism flows, Inbound tourism, Hotel


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