Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 9781451870206
1451870205
1451914733
9781451914733
9781451914733
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references (pages 56-59).
Print version record.
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| Summary: | 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 share, but this would be partially offset in the short-run by the redistribution of non-U.S. tourists currently in Cuba. The results also suggest that Caribbean countries have in general not lowered their dependency on U.S. tourists, leaving them vulnerable to this potential change.
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| Other form: | Print version: Romeu, Rafael, 1975- Vacation over. Washington, D.C. : International Monetary Fund, Western Hemisphere Dept., 2008
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| Standard no.: | 10.5089/9781451914733.001
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