Forecast: Number of Excursionists (Same-Day Visitors) in Chile

The number of excursionists in Chile stood at 21.061 million in 2023, marking a 6.61% year-on-year increase. The period between 2016 to 2023 saw a compounded annual growth rate (CAGR) of 11.72% due to recovery post-2020's significant decline. Notably, 2019 to 2020 experienced a 27.08% decrease due to external factors likely including the pandemic. From 2021 onwards, the market showed resilience, returning to growth with a CAGR of -1.76% in 2021 and improving to 2.28% in 2022.

Forecasts from 2024 onward project a relatively steady growth rate with a CAGR of 0.63% over the next five years. By 2028, the number of excursionists is expected to grow by 3.18% from 2023 levels, reaching 21.909 million.

Future trends to watch for:

• Impact of global travel restrictions and economic conditions on excursionist growth rates.
• Potential shifts in regional tourism dynamics and local tourism policies.
• Technological advancements and digital marketing strategies boosting regional travel.
• Environmental sustainability concerns influencing excursionist behaviors and preferences.