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International Monetary Fund

Front Matter Page Western Hemisphere Department Contents I. Introduction II. Recent Developments in ECC Tourism 1. Tourist arrivals a. Total arrivals b. Stayover arrivals c. Cruise-ship arrivals 2. Tourist expenditure 3. Accommodation III. ECC Tourism Policies 1. Government incentives 2. Promotion and marketing 3. Linkages with other sectors IV. A Model of ECC Tourism 1. Determinants of tourist arrivals 2. The Model: income and price elasticities 3. Individual country regression results V. Projected

International Monetary Fund

wake of the recession that followed, stayover arrivals declined by 7 percent in 1974 and by a further 5 percent in 1975. By 1977, however, tourist arrivals had recovered to the pre-1974 level as the recession in industrial countries ended and the price of air travel stabilized. In the early 1980s the second oil crisis and world recession resulted in another decline in arrivals. But since 1983, the expansion in industrial countries and the stabilization in the price of air travel have resulted in a tourism boom in the region, as indicated by the 13 percent average

International Monetary Fund
This Selected Issues paper for The Bahamas reports that the largest portion of tourism expenditure in The Bahamas comes from stayover visitors, and total tourism spending has been stagnant. The Bahamas is a small open economy highly dependent on tourism and the offshore financial sector. Private consumption expenditure in the country or countries of origin is the most important determinant of tourism in The Bahamas.
International Monetary Fund
This paper studies recent developments in tourism in the East Caribbean countries (ECC) and reviews government policies to support tourism. The paper also presents a model to explain the movements of tourist arrivals to the region during 1970-86. The estimated model is used to project future tourist arrivals in the ECC.
International Monetary Fund

I. T he D eterminants of T ourism D emand in T he B ahamas 1 1. The Bahamas is a small open economy highly dependent on tourism and the offshore financial sector . Though the relative dependency of tourism has been declining since the early 1990s, tourism still accounts for around a quarter of GDP. This paper reviews tourism developments in The Bahamas (Section B), explores the determinants of stayover arrivals and expenditure (Section C), and discusses possible risks to its further development (Section D). A. Recent Tourism Developments in The

International Monetary Fund

Arrivals, 2000-2005 15. Air Stayover Arrivals by Country of Origin, 2000-2004 16. Visitor Arrivals as a Share of the Caribbean Area, 2000-2004 17. Public and Publicly Guaranteed External Debt, 2000-2004 18. Effective Exchange Rate Indices, 1990-2005 Appendix I: Summary of the Tax System

International Monetary Fund

. Monetary Survey, 2002–06 8. Summary Operations of the Eastern Caribbean Central Bank, 2002–06 9. Consolidated Accounts of the Commercial Banks, 2002–06 10. Distribution of Commercial Bank Loans and Advances, 2002–06 11. Selected Interest Rates, 2002–06 12. Balance of Payments, 2002–06 13. Selected Tourism Statistics, 2002–06 14. Air Stayover Arrivals, 2002–06 15. Air Stayover Arrivals by Country of Origin, 2001–06 16. Visitor Arrivals as a Share of the Caribbean Area, 2001–05 17. Public and Publicly Guaranteed External Debt, 2001–06 18. Effective