The data indicates that Chile experienced significant fluctuations in the share of travel services in commercial service exports over the past decade. From 2013 to 2017, there was a rising trend, peaking at 35.94 units in 2017. However, this was followed by a decline, notably hitting a low of 1.99 units in 2021 due to the global pandemic. In 2023, the value stood at 12.53 units, stabilizing as forecasted for the subsequent years up to 2028. The zero forecasted 5-year CAGR highlights no anticipated growth, reflecting a period of stability rather than significant rebound or decline over the medium term.
Future trends to watch for:
- Recovery speed post-pandemic.
- Impacts of digital transformation and remote work on travel needs.
- Effects of sustainable travel and climate policies on the sector.
- Global economic conditions influencing travel demand.
