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Chile - Travel & Tourism: Increasing air connectivity and government promotional efforts to drive growth (Strategy, Performance and Risk Analysis)

Chile - Travel & Tourism: Increasing air connectivity and government promotional efforts to drive growth (Strategy, Performance and Risk Analysis)

  • November 2017
  • 80 pages
  • ID: 5300493
In this report:
Chile's total tourism expenditure is primarily driven by national tourism, which accounted for ##.##% of the total budget in 2016; however, the segment declined at a CAGR of -##.##% over the review period, from US$##.## billion in 2012 to US$##.## billion in 2016.
Globally, total tourism expenditure valued US$##,##.## billion in 2016, and is forecast to grow at a CAGR of ##.##% to reach US$##,##.## billion by 2021.

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Chile (CL) - Travel & Tourism: Increasing air connectivity and government promotional efforts to drive increase (Strategy, Performance and Risk Analysis)

Brief

There are different adventure destinations in Chile (CL) that attract tourists from across the globe. Moreover, the depreciating Chilean Peso drives worldwide tourism in the area; in 2016, worldwide arrivals increased on a 23.20 percent y-o-y basis, from 4.5 million in 2015 to 5.5 million in 2016. The increase is primarily due to efforts in worldwide marketing by the Chilean Government. The growing number of airlines worldwide with routes to Chile also supports increase. International arrivals in the area increased at a Compound annual growth rate of 11.60 percent over the review period (2012-2016), whilst domestic trips increased at a Compound annual growth rate of 6.20 percent over the same period. Leisure was the primary purpose for domestic tourism.

In the passenger airlines segment, the number of seats available and sold increased at a compound annual growth rate (CAGR) of 5.40 percent and 5.50 percent respectively over 2012-16, owing to the increase in air travel demand.

MarketLine Premium's industry reports offer a exhaustive market view including sections on: risk and reward, main industry trends and drivers, industry SWOT analysis, industry benchmarking to compare top performance indicators with regional and overall markets, ambitious landscape, industry innovation, deals and main developments.

Key Findings

Growing domestic trips to drive tourist volumes

Global tourist volumes in Chile (CL) increased at Compound annual growth rate of 6.90 percent, from 26.9 million in 2012 to 35.1 million in 2016. This volume is farther forecast to increase at a CAGR (Compound annual growth rate) of 7.00 percent, from 37.7 million in 2017 to 49.4 million 2021, owing to increasing tourist volumes from worldwide arrivals, primarily for leisure activities. Chile's depreciating local currency against the US Dollar encourages domestic trips over outbound ones, together with enticing people from other nationalities to visit Chile (CL). This led to a rise in domestic tourist volumes, which increased at a compound annual growth rate (CAGR) of 6.20 percent over 2012-16, from 20.5 million in 2012 to 26.0 million in 2016, and are farther forecast to increase at Compound annual growth rate of 7.00 percent, from 28.0 million in 2017 to 36.7 million in 2021. Moreover, in 2016, land was the primary mode of travel in Chile (CL), accounting for 91.40 percent of the global domestic trips.

Rising internet usage to drive online channels revenue

Global revenue for travel intermediaries increased at a CAGR (Compound annual growth rate) of 5.90 percent, from $7.20B in 2012 to $9.00B in 2016, and is forecast to farther increase at a compound annual growth rate (CAGR) of 13.80 percent to reach $16.80B by 2021. In 2016, revenue from leisure recorded for approximately 75.50 percent of the global travel intermediaries' revenue, showcasing a rise in spending by travelers on leisure activities. This trend is anticipated to continue over the estimate period.

Growing investments from worldwide brands to drive increase in the hotel segment

Though global hotel revenue declined at a CAGR (Compound annual growth rate) of -3.70 percent, from $869.10M in 2012 to $746.90M in 2016, it is forecast to increase at a compound annual growth rate (CAGR) of 4.00 percent to reach $904.10M by 2021. Growing domestic and worldwide tourism will support increase in hotel revenue over the outlook period. Upscale hotel's revenue helped the most towards global hotel revenue over 2012-16, and is likely to continue this trend over 2017-21. Rising investments from worldwide brands in Chile (CL) will support the hotel segment's growth.

Overview

- Risk & Reward Index - The Risk & Reward index studies the position of the Chilean travel and tourism market with regards to other countries in the territory relating to specific risk and reward parameters.

- Industry Snapshot and Industry View - Key travel and tourism industry statistics containing, global revenue and expenditure for top industry segments and the trends driving market performance in the Chilean travel and toursim industry.

- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Possibilities and Threats impacting market performance and investment in the Chilean travel and toursim industry.

- Industry Benchmarking - Benchmark how the Chilean travel and toursim industry is performing compared to regional and overall markets relating to car rental fleet size, car rental revenue, number of hotels, hotel revenue, passenger airline revenue, seats available and seats sold, revenue of travel intermediaries and tourism expenditure growth.

- Competitive Landscape - Overview of adequate players in the Chilean travel and tourism industry including airlines, hotels and car rental companies, with each player in the effective category compared with its peers relating to efficient industry indicators.

Purposes to acquire this study

- How is the sector performing relating to indicators including global tourist visits, passenger airline seats sold, seats sold by purpose of visit including leisure, revenue, room nights available, room nights occupied, hotel revenue, car rental days among others.

- How risky is it to invest in the Chilean travel and tourism market compared to other countries in the South and Central America?

- What is driving the performance of main industry segments including passenger airlines, accommodation and car rentals?

- Who are the leading players in the Chilean travel and tourism market and their overview and product portfolio?

- What trends are being witnessed within the Chilean travel and tourism market?

- What are the Chilean travel and tourism industry's Strengths and Weaknesses and what Alternatives and Segment risks does it face?

- What are the new developments and innovations in the Chilean travel and tourism market?

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