The share of travel services in commercial service imports in Chile peaked at 16.05% in 2017 before experiencing a sharp decline due to the pandemic in 2020, reaching 4.25%. It hit its lowest at 1.69% in 2021. As of 2023, it stands at 5.83%, signaling a partial recovery. For the last two years, the share has fluctuated significantly with year-on-year variations of -22% in 2023 and -27% in 2024. Over the forecasted five years, the market shows a downward trend with a CAGR of -5.74% and an overall decline of 25.61% by 2028.

Future trends to watch for:

Potential recovery in global travel influencing a rebound.
Impact of economic policies and regional stability on travel services.
Technological advancements reshaping the demand for traditional travel services.