Economic impact & visitor arrival for tourism industry

Published on : Saturday, June 24, 2017

Hands touching a globeTuristika Model data shows that the first five months of this year witnessed a direct impact of $ 218.0 million US dollars on the local economy. In 2016, the direct impact churned out the same amount of money in terms of local economy. From European visitors, at least half of the economic impact of 53 percent was generated. European visitors generated $ 115.7 million US dollars. The North American, South American and other regions generated respectively $ 53.7, $ 36.1 and $ 12.5 million US dollars.

 
The number of nights spent on the island provides for the total spending per visitor. Europe and North America, visitors of these top two producing regions are staying longer and thus are spending more money while on the island. This is what equal economic impact means. We might witness an overall negative result in terms of visitor arrivals. However, the financial impact is no way affected by the failure in regards to overall arrivals.

 
In the initial five months of this year, Curaçao welcomed more than 173,469 stayover visitors in total. In 2016, we counted 196,005 stayover visitors during the same period which shows a decrease of 11%. Regardless of the negative stayover arrivals performance throughout the first five months, we witnessed a steady rise in the average nights spent on the island.

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