Vacation Over.

An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling...

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Bibliographic Details
Main Author: Romeu, Rafael
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2008.
Series:IMF Working Papers.
Subjects:
Online Access:Click for online access

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100 1 |a Romeu, Rafael. 
245 1 0 |a Vacation Over. 
260 |a Washington :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (64 pages) 
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505 0 |a I. Introduction; II. Adapting Gravity Trade Theory; III. Data; IV. Estimation; V. Conclusions; Tables; 1. Descriptive Statistics of Caribbean Tourism; 2. Destination Tourist Base Concentration; 3. OECD and Caribbean Country Groups; 4. Hurricanes Making Landfall, 1995-2004; 5. Gravity Estimates of Caribbean Tourism; 6. Cuba: Estimates of Bilateral Tourist Arrivals; 7. The Impact on the Caribbean of Opening U.S. tourism to Cuba; 8. Alternative Estimates of U.S.-Cuba Unrestricted Tourism in the Caribbean; 9. Model 1: Projected Arrivals from Gravity Estimates. 
505 8 |a 10. Model 3: Long-term Gravity Estimation with Industry CostsFigures; 1. OECD Tourist Arrivals; 2. Cuba-U.S. Tourism Distortions; 3. Evolution of Cuba in Caribbean Tourism; 4. Distribution of Tourist within Destinations; 5. Top Five Clients of Caribbean Destinations, 1995-2004; 6. Top Five Destinations of OECD Visitors, 1995-2004; 7. Clustering by Tourism Preferences 1995-2004; 8. Clustering by Fundamentals and Culture; 9. Cost Comparison Across Caribbean; 10. Market Concentration Based on Hotel Rooms, 1996-2004; 11. Airlines Owned by OECD and Caribbean Countries. 
505 8 |a 12. Modeling of Tourist from the U.S.A13. Modeling of Tourist Arrivals to Cuba; 14. Hotel Capacity Utilization; 15. Before and After Assuming U.S. Tourists New to Caribbean; 16. Pie Chart of Visitor Distribution Assuming All New U.S. Tourists; 17. Before and After Assuming No New U.S. Tourists; 18. Pie Chart of Visitor Distribution Assuming No New U.S. Tourists; 19. Map Assuming U.S. Arrivals Divert from the Rest of the Caribbean; 20. Caribbean by U.S. Arrivals and OECD by Arrivals to Cuba; 21. Gravity Estimates of Long-term Adjustment of Destinations; 22. Pie Charts of Gravity Estimates. 
505 8 |a 23. Gravity Estimates of Percent Change in Arrivals24. OECD, Caribbean, Relative Size with Open Tourism; VI. References; VII. Appendix. 
520 |a An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study models the impact of such a potential opening by estimating a counterfactual that captures the current bilateral restriction on tourism between the two countries. After controlling for natural disasters, trade agreements, and other factors, the results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market sh. 
650 0 |a Tourism  |z Caribbean Area  |x Econometric models. 
650 0 |a Tourism  |z Cuba  |x Econometric models. 
650 0 |a International economic relations  |x Econometric models. 
650 0 |a Tourism  |x Econometric models. 
651 0 |a Cuba  |x Foreign economic relations  |z United States  |x Econometric models. 
651 0 |a United States  |x Foreign economic relations  |z Cuba  |x Econometric models. 
650 7 |a International economic relations  |x Econometric models  |2 fast 
650 7 |a Tourism  |x Econometric models  |2 fast 
651 7 |a Caribbean Area  |2 fast 
651 7 |a Cuba  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39QbtfRvdgbTdTyQJcJ3FQ8vB 
651 7 |a United States  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 
776 0 8 |i Print version:  |a Romeu, Rafael.  |t Vacation Over: Implications for the Caribbean of Opening U.S.-Cuba Tourism.  |d Washington : International Monetary Fund, ©2008  |z 9781451870206 
830 0 |a IMF Working Papers. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1607840  |y Click for online access 
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