Published On: Fri, Mar 15th, 2013

Air Berlin’s impact on economy

Air BerlinWILLEMSTAD — An impact study from Chata and the Curaçao Airport Holding (CAH) shows that with an initial investment of 2.6 million dollars in the direct flights from Air Berlin (German), the total impact on the tourist sector is approx. 22.7 million dollars, said Chata-director, Lisa Dindial. The direct tax revenues from aforementioned flights amount to 1 million dollars.

 “The initial investment to realize the flights is covered for 40 percent with the direct tax revenues. With a direct impact of 14.4 million dollars and an indirect impact of 8.3 million, the investment was certainly remunerative considering it’s covered by the entire macro-economic impact”, said Dindial. The largest part of the impact of 14.4 million dollars goes to accommodation with an amount of 6.2 million dollars. On average a tourist spent 837 dollars on the island in 2011 and after the introduction of the Air Berlin flights this amount increased to 1093 dollars.

Also the length of the visit increased from an average 8.7 days to 11.4 days. The average size of the touring group consisted of 2.8 persons in 2011, compared to 2.6 persons in 2012. On average tourists spent 97 dollars per day in 2011, compared to 96 dollars in 2012 but the average stay on the island had been longer that year. The percentage of families spending a holiday on the island decreased from 28 in 2011 to 10 in 2012.

Prognosis

The impact study also includes a prognosis for this year and the next. Expectations are that the direct impact of 14.4 million in 2012 will increase to 16.2 million dollars this year. For 2014 this impact is estimated at 18.2 million. The economic impact on accommodations, which amounted to 6.2 million dollars in 2012, is estimated at 7 million this year. Expectations for 2014 are that this impact will increase to 7.8 million dollars. Also the revenues from macro-economic activities were studied. For instance, the flights in 2012 yielded 3.9 million dollars from the catering industry (restaurants, etc). An amount of 4.4 million is estimated for this year and 5 million dollars for next year.

In 2012 tourists spent 800.000 dollars on entertainment (casino and attractions), while the expectations for 2013 and 2014 are estimated at 1 million dollars. The revenues from commerce (shops) were 1.1 million dollars last year. The prognosis on the revenues for this year is 1.3 million dollars and 1.4 million in 2014. The revenues registered for the transport industry (busses and taxis) in 2012 was 1.3 million, and the prognosis for this year is 1.4 million dollars. Expectations are that this amount will increase to 1.6 million in 2014. An increase is also expected in the direct tax revenues from 1 million in 2012 to 1.2 million in 2013 and 1.3 million in 2014.

Source: Dutch Caribbean Business

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