From 2013 to 2017, international receipts for tourism in Chile showed a steady upward trend with a peak of USD 4.11 billion in 2017. However, this growth was disrupted between 2018 and 2020, leading to a decline due to economic challenges and the COVID-19 pandemic, hitting a low of USD 2.98 billion in 2020. Recovery began in 2021, with moderate annual increases, reaching USD 3.71 billion in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) averaged -0.89%.
Future projections indicate modest growth, with forecasted receipts rising to USD 3.9 billion by 2028, suggesting a forecasted 5-year CAGR of 0.89%. Trends to watch for the future include:
- Post-pandemic travel recovery and its impact on international tourism receipts.
- Global economic conditions and their influence on tourism spending.
- Development of sustainable tourism initiatives and their attractiveness to international visitors.
- Technological advancements and their role in promoting and managing tourism.
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