Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean
Includes bibliography.
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| Lenguaje: | English |
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ECLAC
2014
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| Acceso en línea: | http://hdl.handle.net/11362/36618 |
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oai-11362-366182020-03-06T16:50:27Z Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean Phillips, Willard TURISMO INSTALACIONES Y SERVICIOS DE TURISMO POLITICA TURISTICA TOURISM TOURIST FACILITIES TOURISM POLICY Includes bibliography. Although tourism has been a major economic sector in the Car ibbean s ince the mid-1960s, the sector now faces significant challenges as competit ion intensif ies in the global tourism market. These challenges include environmental impacts, and the need for continued high levels of public investment in order to sustain the tourism product. The precariousness of the sector was made starkly evident with the onset of the global recession in 2009, when the sector recorded significant decline. Notwithstanding some limited recovery since that time, the recent experience highlighted the need for Caribbean countries to undertake more vigorous efforts towards diversifying their economies in general, and enhancing their tourism sectors in particular. One area identif ied for specific development is yachting and marina services, a sub-sector which is widely regarded as having significant economic potential. Towards this end, the present study seeks to examine the nature of recreational demand for yachting and marina services in the Caribbean. In order to achieve this, a simple demand model is estimated, and elast icities calculated for three demand var iables. Using data from eight countries, the model identified income in the source market, airline t icket cost, and the frequency of hurricanes as the three most critical variables which influenced consumers’ decision to seek yachting and marina services in the Caribbean. I. Tourism and marina services in the Caribbean .-- II. The demand for marina services in the Caribbean – theoretical framework .-- III. Specifying the demand model .-- IV. Model estimation and results .-- V. Policy implications and recommendations .-- VI. Conclusion and limitations of the research. 2014-03-20T14:40:44Z 2014-03-20T14:40:44Z 2014-02 Texto Documento Completo http://hdl.handle.net/11362/36618 LC/L.3758 LC/CAR/L.421 en Studies and Perspectives Series - The Caribbean 31 .pdf application/pdf CARIBE CARIBBEAN REGION ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
TURISMO INSTALACIONES Y SERVICIOS DE TURISMO POLITICA TURISTICA TOURISM TOURIST FACILITIES TOURISM POLICY |
| spellingShingle |
TURISMO INSTALACIONES Y SERVICIOS DE TURISMO POLITICA TURISTICA TOURISM TOURIST FACILITIES TOURISM POLICY Phillips, Willard Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean |
| description |
Includes bibliography. |
| format |
Texto |
| author |
Phillips, Willard |
| author_facet |
Phillips, Willard |
| author_sort |
Phillips, Willard |
| title |
Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean |
| title_short |
Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean |
| title_full |
Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean |
| title_fullStr |
Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean |
| title_full_unstemmed |
Towards diversification of the tourism sector: A recreational demand study of yachting and marina services in the Caribbean |
| title_sort |
towards diversification of the tourism sector: a recreational demand study of yachting and marina services in the caribbean |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/36618 |
| work_keys_str_mv |
AT phillipswillard towardsdiversificationofthetourismsectorarecreationaldemandstudyofyachtingandmarinaservicesinthecaribbean |
| _version_ |
1718436300656214016 |