Tuesday, April 30, 2024

TOURISM MATTERS: Super risk may be a boost for Ecuador

Date:

Share post:

Ecuador recently created history by becoming the first country other than the United States to take a 30-second television commercial aired during the recent Super Bowl. It was at a quoted cost of US$3.8 million to reach an estimated 112 million television audience.

As first thought, any comparison between a country boasting a land mass of 109 484 square miles and a population of 15 million people with tiny Barbados seems almost illogical, but then look again.

Ecuador welcomed a record 1 500 241 overseas visitors last year up to December 22, according to the website of their own Ministerio deo Tourismo. Of that number, the second largest market, the US, supplied 16.6 per cent of the overall number, which was 14 per cent up on the previous year, amounting to 232 868. Colombia, its northern neighbour, produced the single biggest number, 23.8 per cent of 333 197 persons.

Sadly, while Barbados Statistical Service posts critical information so late, it was almost impossible to compare our 2014 Barbados arrival figures with that of Ecuador for the same year. Up to last Tuesday the most recent posting covered September, with October and November only being added in the first week of this month.

So let’s look at 2013, where Barbados welcomed 120 584 American long-stay visitors, which represented more than 50 per cent of the US numbers who travelled to Ecuador. Despite the initial geological and demographic disparity, their tourism planners were able to persuade the government of Ecuador to splash out a staggering US$3.8  million, apparently for a single shot 30-second ad.

Only time will tell if the results ultimately justify the huge initial expense, or the placement becomes one of the most wasteful decisions in the country’s tourism history.

Again, nothing is in isolation and various websites indicate that some US$2.2 billion has already been committed to private sector tourism infrastructural investments, including new hotel plant by 2020. Therefore, is this part of the big picture with a government taking some early risk and hoping that any shortfall in direct tourism spending is more than made up in overall investment over the medium to long term.

In an interview with Yahoo Travel, Ecuador’s ambassador to the US, Nathalie Cely, stated that “US tourism has grown four per cent a year for the last 10 years” and the country wants to double that over the next five years. Even if it sees just one per cent growth in US visitors, Ecuador says it will cover the money spent on the ad.

I sent this column to the ambassador personally to check for accuracy and how refreshing that she graciously responded within minutes. What attention to detail.

And the diplomat’s conclusions seem to make a lot of sense. In rough numbers, a one per cent increase each year for five years would generate around an additional 12 000 visitors from the US alone.

To reinforce destination awareness, Ecuador, as the world’s largest producer of bananas, exporting more than 24 million tonnes each year, will affix a colourful sticker to every single piece of fruit with a QR Code to access a beautifully filmed video, highlighting the country and linked to their national tourism website. Is there a similar opportunity here for our rum bottles?

Email: re-discover@caribsurf.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Related articles

New guidelines on commercial bank fees coming soon

The Central Bank of Barbados will be issuing new guidelines to commercial banks. It will include information regarding...

Governor fears impact of bad weather on food crop

Local agriculture is feeling the heat from climate change. Central Bank Governor Dr Kevin Greenidge says this can negatively...

UB40 rolls back years

Ali Campbell’s still got it. The legendary lead singer of reggae band UB40 has been on stage for more...

EU probing Meta’s alleged advertising, political content violations

Brussels – The European Commission said on Tuesday that it has opened an investigation into Meta, the parent of...