Tourism Executive Brief2013It was another rollercoaster year for the travel and tourism industry in most of our major markets with small increases overall in the U.S. in the first half slowing to a crawl by the third quarter with a downturn in discretionary spending as the election process played out. The downturn also reflected the negative impact of price increases for accommodations and airfares for most domestic and international destinations. For the Caribbean, it was a year of modest gains for the region at large with those countries most dependent on the UK market having bigger problems. As we look back at our recommendations of a year ago in the January 2012 Brief, we said then that North American markets would be the “best bet” and would “reward a strong investment in marketing dollars for Caribbean interests of all stripes in their budget allocations.”CTO recently released preliminary figures for 2012 that seem to endorse that forecast with gains recorded for both the U.S. and Canada in the order of 5.3%.DOWNLOAD JANUARY 2013 ISSUE2012View all 2012 Executive Briefs (pdf)2011View all 2011 Executive Briefs (pdf)2010View all 2010 Executive Briefs (pdf)2009View all 2009 Executive Briefs (pdf)2008View all 2008 Executive Briefs (pdf)2007View all 2007 Executive Briefs (pdf)2006View all 2006 Executive Briefs (pdf)
