Strategies to Develop Higher-Value Tourism

Tourism Expenditure and Value

Capture High-Value Visitors & Maximize Tourism Revenue
Trove helps destinations attract higher-value visitors, boost per-visitor spending, and strengthen economic sustainability. Through detailed economic impact studies, we quantify tourism’s contributions and provide the data needed for informed, strategic decision-making. We also assess existing offerings and identify opportunities to diversify and elevate experiences – from premium upgrades to niche products – that inspire longer stays and higher spend, maximizing tourism’s overall economic impact.

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Trove's Approach
Identifying & Attracting High-Value Segments

Trove identifies which visitor types offer the greatest value, such as luxury eco-travelers, adventure seekers, or business delegates, and builds plans to attract them. Our work includes segmentation analysis, product design, and marketing strategy. We help destinations promote upscale experiences, attract remote workers, and improve infrastructure to appeal to high-yield travelers.

Enhancing Experiences to Drive Visitor Spend

We work with tourism boards to audit their product mix and uncover ways to increase in-destination spending. In Barbados, we analyzed attractions and developed a roadmap focused on yield growth, leading to new tourism investments in boutique upgrades and high-value offerings. Our strategies help diversify experiences and boost economic impact.

Analyzing Economic Impact

Trove conducts in-depth studies to measure the full economic and strategic value of tourism, including direct, indirect, and induced contributions, as well as brand perception and community benefits. These insights provide destinations with clear benchmarks to strengthen positioning and competitiveness. For the Aruba Tourism Authority, Trove delivered a data-driven analysis of the MICE sector’s overall impact on the island’s economy.

Strategy in Action: Barbados

In Barbados, Trove developed a national strategy to boost visitor spending by auditing attractions, identifying high-value segments, and crafting a $20M+ investment roadmap. The result was a shift from volume to value, prioritizing experiences and policies that increase per-visitor spend and support long-term tourism sustainability.