With the development of new luxury residence and hotel properties throughout the islands, especially on the island of Providenciales, as well as the recent expansion of the Providenciales Airport to accommodate daily flights from all major international cities, tourism in the next decades should increase significantly. This will fuel an economic boom for the islands and those investing in real estate.

Tourist Arrivals by Country of Origin
 2002-2006

Country of Origin

2002

2003

2004

2005

2006

US

119,553

128,985

120,645

123,346

169,662

Canada

14,721

14,689

19,793

21,136

29,802

Europe

10,548

12,626

13,807

17,613

24,834

Caribbean

4,977

5,398

8,273

12,192

21,908

Rest of the World

5,162

2,402

10,563

1,843

2,137

TOTAL

154,961

164,100

173,081

176,130

248,343

 

Tourist Arrivals
 2002-2006

Indicator

2002

2003

2004

2005

2006

1. Non-Residents (Stop-Over)

154,961

164,100

173,081

176,130

248,343

1a. Growth Rate (%)*

-6.56

5.9

5.47

1.76

41.00

1b. Tourist Arrival Index (Base Year 2000)**

102.37

108.41

114.34

116.36

149.75

2. Cruise Passengers

2,411

49,734

17,052

n.a.

295,000

3. Cruise Ships Arrivals

...

...

14

n.a.

136

4. Average No. of Tourists Nights Spent***

6.46

6.46

6.75

n.a.

7

 

Sources: Tourist Board and Statistics Office
* - Computation: [(Tourist Arrival in Current Year/Tourist Arrivals in Previous Year) - 1] x 100
** - Computation: (Tourist Arrival in Current Year/Tourist Arrivals in Base Year) x 100
*** - Average obtained for all visitors excluding the "Not Stated" responses