Scuba diving tourism boosts Cayman economy

Scuba diving tourism boosts Cayman economy

Given that the global scuba diving population is growing by 20% each year, and with over 300,000 scuba dives taking place per year on Grand Cayman alone, the importance of scuba tourism should not be underestimated. Land investments company Crown World (http://www.crownworld.com/) can reveal that scuba diving tourism is generating over $16 million in direct revenue toward the Cayman economy and accounts for 10 per cent of the nation’s GDP.

The Cayman Islands are a world-class and globally renowned scuba diving destination and this is an important arena for those considering land investments in Cayman Islands. Statistics reveal just how powerful scuba tourism is for the Islands, and therefore of interest to the potential land investor. For instance, this is far from a niche pastime: there are 10 million certified divers in the United States alone. Cayman is already firmly on the map for the thousands of American businessmen who benefit from its status as a tax haven and given the excellent air connections between the nations, and it seems there is a link between scuba and business carried out on the Islands. A survey found that 14 per cent of people who enjoy scuba diving while on the Islands have come to Cayman for business-related purposes.

As much as 33% of all air arrivals into the Islands participate in scuba diving, but it isn’t just Grand Cayman which benefits. Those with land investments in Little Cayman should note that this smaller sister island boasts one of the world’s very best dive sites located just off its shores. The 6000 foot Bloody Bay Wall is often found ranking highly among the top 5 dive sites in the world. As more and more scuba enthusiasts flood to Little Cayman, demand for land for accommodation on Little Cayman is growing exponentially.

While tourism directly related to scuba diving accounts for 10 per cent of Cayman’s GDP, take into account diver spending in non-related areas such as restaurants, hotels and shops and scuba tourism in fact accounts for as much as 34 per cent of Cayman’s total tourist revenue.  For those considering Cayman land for sale, it seems that scuba is far more than a lifestyle footnote to these Islands.

For information on land investments Cayman Islands, contact the experts through the Crown website at http://www.crownworld.com/.