The gross investment in the accommodation and food services activities sector in Chile demonstrated considerable fluctuations from 2013 to 2023. In 2023, the value stood at 622.07 billion Chilean Pesos. Significant year-on-year variations include a peak in 2017 (90.45%) and a substantial decline in 2018 (-54.64%). Over the last two years, the variation was modest but positive, with an increase of 2.94% in 2022 and 2.79% in 2023.
Looking forward, the sector's gross investment is forecasted to continue growing, albeit at a slower pace. The forecasted data suggests a 5-year CAGR of 1.9% and an overall growth rate of 9.87% by 2028.
Future trends to watch for in this sector include the impact of economic recovery post-pandemic, the influence of tourism developments, and evolving consumer preferences towards sustainable and experience-based accommodations and dining experiences.
