Upcoming Tourism Destinations in South America: Flows & Spending in Argentina, Brazil, Chile, Colombia and Peru

Region:Central and South America

Author(s):

Product Code:TT0067MI

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Published on

June 2017

Total pages

163

Table of Content

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About the Report

About the Report

Upcoming Tourism Destinations in South America: Flows & Spending in Argentina, Brazil, Chile, Colombia and Peru

Summary

"Upcoming Tourism Destinations in South America: Flows & Spending in Argentina, Brazil, Chile, Colombia and Peru" provides key insights on the emerging tourism destinations in South America. It covers domestic, inbound and outbound tourism flows and spending and, analyses key trends, drivers and growth inhibitors.

There is clear potential for tourism in South America. Colombia has the most promising economy of all countries, with an average annual rate of 4% real GDP growth up to 2025. However, current economic conditions in certain countries such as Brazil (recession) and Argentina (hyperinflation) are adversely affecting outbound tourism sector and benefitting domestic tourism. Furthermore, weak exchange rates in the region make consumers price sensitive impacting outbound travel, particularly to the US and Europe. On the other hand, the weak exchange rate encouraged the growth of arrivals from the US and European countries such as Spain, France, and Germany to South American countries. International arrivals grew the most (23%) in Chile in 2016.

What else does this report offer?

Historic and forecast tourism flows and spending covering domestic, inbound, outbound tourism at granular level for five markets-Argentina, Brazil, Chile, Colombia, Peru

Scope

Brazil, the number one country for natural attractions according to the World Economic Forum Tourism Competitiveness Report of 2017, has not reaped the benefits of its potential. Having realized this, the Ministry of Tourism in Brazil aims to take over and manage areas in the country which have the 'high potential for the development of tourism'. The move is expected to boost inbound and domestic tourism. Nevertheless, in 2016, Brazil was the most visited country in South America with 6.6 million tourists, mainly driven by the Summer Olympics, which were held in Rio.

Tourism is a priority sector for most South American countries. Chile identified tourism as a strategic sector and allotted US$100 million to develop tourism over 2015 to 2018. Argentina aims to create 3000 new jobs over the period 2016-2019 with the promotion of tourist destinations. These efforts are expected to support the growth of inbound tourism over the coming years

Over the years, the growth in South America's tourism infrastructure has been developing constantly, enabling the region to position itself as a destination for MICE. However, MICE business is primarily centered around major cities and the penetration is still low (15% share)

Reasons to buy

Gauge an idea about how the market is expected to grow using historic and forecast market data related to key travel and tourism markets in South America

Understand the demand-side dynamics within the industry to identify key market trends, growth opportunities

Direct the promotional efforts on most promising markets by identifying the key source and destination countries

Products

Table of Contents

Table of Contents

Table of Contents

Executive Summary

Introduction

Predicted future issues for the South American tourism industry

Key Economic Drivers

Argentina on growth track with recent reforms in place

Weak exchange rates adversely affecting South American outbound tourism

Peru's tourism sector has the highest contribution to GDP in South America

Domestic Tourism

Chile ranks number one in terms of the percentage of income spent on domestic trips

Weak real encouraging Brazilians to prefer domestic trips over outbound

As outbound becomes more expensive due to strong dollar, domestic spending is forecast to grow

Inbound Tourism

Tourism risk assessment for South America

Brazil banking on tourism boost after 2016 Olympics

Colombia to attract more European tourists with more flights being added between Colombia and Europe

As inbound market is largely dependent on neighboring countries, spending is relatively low

Tourists spend most on accommodation in Brazil as many tourists are from developed countries

MICE tourism mainly centered around big cities

Outbound Tourism

Due to high inflation domestically, Argentines left with less money to spend on overseas trips

Brazil-the country that travels the most outside South America

Trips to the US decrease in 2016 due to strong dollar

Brazilian outbound tourism expenditure declining due to poor economic situation

South Americans spend primarily on transportation as air is the major mode of travel

Market Data

Appendix


List of Figure

List of Figures

Figure 1: Real GDP growth in %

Figure 2: Exchange rates LCU per US$, yearly changes in %

Figure 3: Direct tourism output 2009-2021(US$ million)

Figure 4: Domestic trips in (millions)

Figure 5: Average spend per domestic trip in US$

Figure 6: Tourism risk assessment in South America

Figure 7: Inbound visitors in South America (in millions)

Figure 8: Inbound visitors in South America by continent in %

Figure 9: Inbound visitors in Colombia in %

Figure 10: Inbound visitors in Chile (000's)

Figure 11: Average spend per international tourist in US$

Figure 12: Inbound tourism expenditure by sector, South America, in 2016 (%)

Figure 13: Inbound tourism expenditure by sector, by country, in 2016 (%)

Figure 14: Top 10 cities based on meetings and events activity in Central/South America

Figure 15: Business trips by country in 2016 (000's)

Figure 16: Percentage of Resident Income Spent on International Trips

Figure 17: Outbound flows (in millions)

Figure 18: Outbound flows (in thousands)

Figure 19: Average spend per outbound trip in US$

Figure 20: Outbound tourism expenditure by sector, by country, in 2016 (%)

Figure 21: Outbound tourism expenditure by sector, South America, in 2016 (%)


List of Table

List of Tables

Table 1: Domestic trips per capita

Table 2: Brazilian outbound departures (in 000s)

Table 3: Argentina -Trips (domestic and outbound combined) taken by residents by month (in thousands), 2012-2021

Table 4: Argentina -Trips taken by residents by trip type (in thousands), 2012-2021

Table 5: Argentina -Average length of by type of trip (number of nights spent), 2012-2021

Table 6: Argentina -Domestic trips by region (in thousands), 2012-2021

Table 7: Argentina -Domestic trips by purpose of visit (in thousands), 2012-2021

Table 8: Argentina -Inbound trips by mode of transport (in thousands), 2012-2021

Table 9: Argentina -Inbound trips by region (in thousands), 2012-2021

Table 10: Argentina -Inbound trips by purpose of visit (in thousands), 2012-2021

Table 11: Argentina -Outbound trips by mode of transport (in thousands), 2012-2021

Table 12: Argentina -Outbound trips by region (in thousands), 2012-2021

Table 13: Argentina -Outbound trips by purpose of visit (in thousands), 2012-2021

Table 14: Argentina -Number of overnight stays by type of trip (in thousands), 2012-2021

Table 15: Argentina -Holiday Takers (domestic and outbound trips combined) by age group (in thousands), 2012-2021

Table 16: Argentina -Inbound business trips by type (in thousands), 2012-2021

Table 17: Argentina -Outbound business trips by type (in thousands), 2012-2021

Table 18: Argentina -Domestic trips by mode of transport (in thousands), 2012-2021

Table 19: Argentina -Outbound trips by user type (in thousands), 2012-2021

Table 20: Argentina -Inbound trips by user type (in thousands), 2012-2021

Table 21: Argentina -Arrivals from top-10 source markets (in thousands), 2012-2021

Table 22: Argentina -Departures to top-10 destination markets (in thousands), 2012-2021

Table 23: Argentina -Domestic tourism expenditure by sector (in LCU million), 2012-2021

Table 24: Argentina -Domestic tourism expenditure by sector (in US$ million), 2012-2021

Table 25: Argentina -Inbound tourism expenditure by sector (in LCU million), 2012-2021

Table 26: Argentina -Inbound tourism expenditure by sector (in US$ million), 2012-2021

Table 27: Argentina -Outbound tourism expenditure by sector (in LCU million), 2012-2021

Table 28: Argentina -Outbound tourism expenditure by sector (in US$ million), 2012-2021

Table 29: Argentina -Direct tourism output by sector (in LCU million), 2012-2021

Table 30: Argentina -Direct tourism output by sector (in US$ million), 2012-2021

Table 31: Argentina -Indirect tourism output by sector (in LCU million), 2012-2021

Table 32: Argentina -Indirect tourism output by sector (in US$ million), 2012-2021

Table 33: Argentina -Total tourism output by sector (in LCU million), 2012-2021

Table 34: Argentina -Total tourism output by sector (in US$ million), 2012-2021

Table 35: Argentina -Average domestic tourism spend per day of trip (in LCU), 2012-2021

Table 36: Argentina -Average domestic tourism spend per day of trip (in US$, 2012-2021

Table 37: Argentina -Average outbound tourism spend per day of trip (in LCU), 2012-2021

Table 38: Argentina -Average outbound tourism spend per day of trip (in US$), 2012-2021

Table 39: Argentina -Average expenditure per domestic tourist by sector (in LCU), 2012-2021

Table 40: Argentina -Average expenditure per domestic tourist by sector (in US$), 2012-2021

Table 41: Argentina -Average expenditure per inbound tourist by sector (in LCU), 2012-2021

Table 42: Argentina -Average expenditure per inbound tourist by sector (in US$), 2012-2021

Table 43: Argentina -Average expenditure per outbound tourist by sector (in LCU), 2012-2021

Table 44: Argentina -Average expenditure per outbound tourist by sector (in US$), 2012-2021

Table 45: Argentina -Online travel sales to country residents (in LCU million), 2012-2021

Table 46: Argentina -Online travel sales to country residents (in US$ million), 2012-2021

Table 47: Brazil -Trips (domestic and outbound combined) taken by residents by month (in thousands), 2012-2021

Table 48: Brazil -Trips taken by residents by trip type (in thousands), 2012-2021

Table 49: Brazil -Average length of by type of trip (number of nights spent), 2012-2021

Table 50: Brazil -Domestic trips by region (in thousands), 2012-2021

Table 51: Brazil -Domestic trips by purpose of visit (in thousands), 2012-2021

Table 52: Brazil -Inbound trips by mode of transport (in thousands), 2012-2021

Table 53: Brazil -Inbound trips by region (in thousands), 2012-2021

Table 54: Brazil -Inbound trips by purpose of visit (in thousands), 2012-2021

Table 55: Brazil -Outbound trips by mode of transport (in thousands), 2012-2021

Table 56: Brazil -Outbound trips by region (in thousands), 2012-2021

Table 57: Brazil -Outbound trips by purpose of visit (in thousands), 2012-2021

Table 58: Brazil -Number of overnight stays by type of trip (in thousands), 2012-2021

Table 59: Brazil -Holiday Takers (domestic and outbound trips combined) by age group (in thousands), 2012-2021

Table 60: Brazil -Inbound business trips by type (in thousands), 2012-2021

Table 61: Brazil -Outbound business trips by type (in thousands), 2012-2021

Table 62: Brazil -Domestic trips by mode of transport (in thousands), 2012-2021

Table 63: Brazil -Outbound trips by user type (in thousands), 2012-2021

Table 64: Brazil -Inbound trips by user type (in thousands), 2012-2021

Table 65: Brazil -Arrivals from top-10 source markets (in thousands), 2012-2021

Table 66: Brazil -Departures to top-10 destination markets (in thousands), 2012-2021

Table 67: Brazil -Domestic tourism expenditure by sector (in LCU million), 2012-2021

Table 68: Brazil -Domestic tourism expenditure by sector (in US$ million), 2012-2021

Table 69: Brazil -Inbound tourism expenditure by sector (in LCU million), 2012-2021

Table 70: Brazil -Inbound tourism expenditure by sector (in US$ million), 2012-2021

Table 71: Brazil -Outbound tourism expenditure by sector (in LCU million), 2012-2021

Table 72: Brazil -Outbound tourism expenditure by sector (in US$ million), 2012-2021

Table 73: Brazil -Direct tourism output by sector (in LCU million), 2012-2021

Table 74: Brazil -Direct tourism output by sector (in US$ million), 2012-2021

Table 75: Brazil -Indirect tourism output by sector (in LCU million), 2012-2021

Table 76: Brazil -Indirect tourism output by sector (in US$ million), 2012-2021

Table 77: Brazil -Total tourism output by sector (in LCU million), 2012-2021

Table 78: Brazil -Total tourism output by sector (in US$ million), 2012-2021

Table 79: Brazil -Average domestic tourism spend per day of trip (in LCU), 2012-2021

Table 80: Brazil -Average domestic tourism spend per day of trip (in US$), 2012-2021

Table 81: Brazil -Average outbound tourism spend per day of trip (in LCU), 2012-2021

Table 82: Brazil -Average outbound tourism spend per day of trip (in US$), 2012-2021

Table 83: Brazil -Average expenditure per domestic tourist by sector (in LCU), 2012-2021

Table 84: Brazil -Average expenditure per domestic tourist by sector (in US$), 2012-2021

Table 85: Brazil -Average expenditure per inbound tourist by sector (in LCU), 2012-2021

Table 86: Brazil -Average expenditure per inbound tourist by sector (in US$), 2012-2021

Table 87: Brazil -Average expenditure per outbound tourist by sector (in LCU), 2012-2021

Table 88: Brazil -Average expenditure per outbound tourist by sector (in US$), 2012-2021

Table 89: Brazil -Online travel sales to country residents (in LCU million), 2012-2021

Table 90: Brazil -Online travel sales to country residents (in US$ million), 2012-2021

Table 91: Chile-Trips (domestic and outbound combined) taken by residents by month (in thousands), 2012-2021

Table 92: Chile-Trips taken by residents by trip type (in thousands), 2012-2021

Table 93: Chile-Average length of by type of trip (number of nights spent), 2012-2021

Table 94: Chile-Domestic trips by region (in thousands), 2012-2021

Table 95: Chile-Domestic trips by purpose of visit (in thousands), 2012-2021

Table 96: Chile-Inbound trips by mode of transport (in thousands), 2012-2021

Table 97: Chile-Inbound trips by region (in thousands), 2012-2021

Table 98: Chile-Inbound trips by purpose of visit (in thousands), 2012-2021

Table 99: Chile-Outbound trips by mode of transport (in thousands), 2012-2021

Table 100: Chile-Outbound trips by region (in thousands), 2012-2021

Table 101: Chile-Outbound trips by purpose of visit (in thousands), 2012-2021

Table 102: Chile-Number of overnight stays by type of trip (in thousands), 2012-2021

Table 103: Chile-Holiday Takers (domestic and outbound trips combined) by age group (in thousands), 2012-2021

Table 104: Chile-Inbound business trips by type (in thousands), 2012-2021

Table 105: Chile-Outbound business trips by type (in thousands), 2012-2021

Table 106: Chile-Domestic trips by mode of transport (in thousands), 2012-2021

Table 107: Chile-Outbound trips by user type (in thousands), 2012-2021

Table 108: Chile-Inbound trips by user type (in thousands), 2012-2021

Table 109: Chile-Arrivals from top-10 source markets (in thousands), 2012-2021

Table 110: Chile-Departures to top-10 destination markets (in thousands), 2012-2021

Table 111: Chile-Domestic tourism expenditure by sector (in LCU million), 2012-2021

Table 112: Chile-Domestic tourism expenditure by sector (in US$ million), 2012-2021

Table 113: Chile-Inbound tourism expenditure by sector (in LCU million), 2012-2021

Table 114: Chile-Inbound tourism expenditure by sector (in US$ million), 2012-2021

Table 115: Chile-Outbound tourism expenditure by sector (in LCU million), 2012-2021

Table 116: Chile-Outbound tourism expenditure by sector (in US$ million), 2012-2021

Table 117: Chile-Direct tourism output by sector (in LCU million), 2012-2021

Table 118: Chile-Direct tourism output by sector (in US$ million), 2012-2021

Table 119: Chile-Indirect tourism output by sector (in LCU million), 2012-2021

Table 120: Chile-Indirect tourism output by sector (in US$ million), 2012-2021

Table 121: Chile-Total tourism output by sector (in LCU million), 2012-2021

Table 122: Chile-Total tourism output by sector (in US$ million), 2012-2021

Table 123: Chile-Average domestic tourism spend per day of trip (in LCU), 2012-2021

Table 124: Chile-Average domestic tourism spend per day of trip (in US$, 2012-2021

Table 125: Chile-Average outbound tourism spend per day of trip (in LCU), 2012-2021

Table 126: Chile-Average outbound tourism spend per day of trip (in US$), 2012-2021

Table 127: Chile-Average expenditure per domestic tourist by sector (in LCU), 2012-2021

Table 128: Chile-Average expenditure per domestic tourist by sector (in US$), 2012-2021

Table 129: Chile-Average expenditure per inbound tourist by sector (in LCU), 2012-2021

Table 130: Chile-Average expenditure per inbound tourist by sector (in US$), 2012-2021

Table 131: Chile-Average expenditure per outbound tourist by sector (in LCU), 2012-2021

Table 132: Chile-Average expenditure per outbound tourist by sector (in US$), 2012-2021

Table 133: Chile-Online travel sales to country residents (in LCU million), 2012-2021

Table 134: Chile-Online travel sales to country residents (in US$ million), 2012-2021

Table 135: Colombia -Trips (domestic and outbound combined) taken by residents by month (in thousands), 2012-2021

Table 136: Colombia -Trips taken by residents by trip type (in thousands), 2012-2021

Table 137: Colombia -Average length of by type of trip (number of nights spent), 2012-2021

Table 138: Colombia -Domestic trips by region (in thousands), 2012-2021

Table 139: Colombia -Domestic trips by purpose of visit (in thousands), 2012-2021

Table 140: Colombia -Inbound trips by mode of transport (in thousands), 2012-2021

Table 141: Colombia -Inbound trips by region (in thousands), 2012-2021

Table 142: Colombia -Inbound trips by purpose of visit (in thousands), 2012-2021

Table 143: Colombia -Outbound trips by mode of transport (in thousands), 2012-2021

Table 144: Colombia -Outbound trips by region (in thousands), 2012-2021

Table 145: Colombia -Outbound trips by purpose of visit (in thousands), 2012-2021

Table 146: Colombia -Number of overnight stays by type of trip (in thousands), 2012-2021

Table 147: Colombia -Holiday Takers (domestic and outbound trips combined) by age group (in thousands), 2012-2021

Table 148: Colombia -Inbound business trips by type (in thousands), 2012-2021

Table 149: Colombia -Outbound business trips by type (in thousands), 2012-2021

Table 150: Colombia -Domestic trips by mode of transport (in thousands), 2012-2021

Table 151: Colombia -Outbound trips by user type (in thousands), 2012-2021

Table 152: Colombia -Inbound trips by user type (in thousands), 2012-2021

Table 153: Colombia -Arrivals from top-10 source markets (in thousands), 2012-2021

Table 154: Colombia -Departures to top-10 destination markets (in thousands), 2012-2021

Table 155: Colombia -Domestic tourism expenditure by sector (in LCU million), 2012-2021

Table 156: Colombia -Domestic tourism expenditure by sector (in US$ million), 2012-2021

Table 157: Colombia -Inbound tourism expenditure by sector (in LCU million), 2012-2021

Table 158: Colombia -Inbound tourism expenditure by sector (in US$ million), 2012-2021

Table 159: Colombia -Outbound tourism expenditure by sector (in LCU million), 2012-2021

Table 160: Colombia -Outbound tourism expenditure by sector (in US$ million), 2012-2021

Table 161: Colombia -Direct tourism output by sector (in LCU million), 2012-2021

Table 162: Colombia -Direct tourism output by sector (in US$ million), 2012-2021

Table 163: Colombia -Indirect tourism output by sector (in LCU million), 2012-2021

Table 164: Colombia -Indirect tourism output by sector (in US$ million), 2012-2021

Table 165: Colombia -Total tourism output by sector (in LCU billion), 2012-2021

Table 166: Colombia -Total tourism output by sector (in US$ million), 2012-2021

Table 167: Colombia -Average domestic tourism spend per day of trip (in LCU), 2012-2021

Table 168: Colombia -Average domestic tourism spend per day of trip (in US$, 2012-2021

Table 169: Colombia -Average outbound tourism spend per day of trip (in LCU), 2012-2021

Table 170: Colombia -Average outbound tourism spend per day of trip (in US$), 2012-2021

Table 171: Colombia -Average expenditure per domestic tourist by sector (in LCU), 2012-2021

Table 172: Colombia -Average expenditure per domestic tourist by sector (in US$), 2012-2021

Table 173: Colombia -Average expenditure per inbound tourist by sector (in LCU), 2012-2021

Table 174: Colombia -Average expenditure per inbound tourist by sector (in US$), 2012-2021

Table 175: Colombia -Average expenditure per outbound tourist by sector (in LCU), 2012-2021

Table 176: Colombia -Average expenditure per outbound tourist by sector (in US$), 2012-2021

Table 177: Colombia -Online travel sales to country residents (in LCU million), 2012-2021

Table 178: Colombia -Online travel sales to country residents (in US$ million), 2012-2021

Table 179: Peru-Trips (domestic and outbound combined) taken by residents by month (in thousands), 2012-2021

Table 180: Peru-Trips taken by residents by trip type (in thousands), 2012-2021

Table 181: Peru-Average length of by type of trip (number of nights spent), 2012-2021

Table 182: Peru-Domestic trips by region (in thousands), 2012-2021

Table 183: Peru-Domestic trips by purpose of visit (in thousands), 2012-2021

Table 184: Peru-Inbound trips by mode of transport (in thousands), 2012-2021

Table 185: Peru-Inbound trips by region (in thousands), 2012-2021

Table 186: Peru-Inbound trips by purpose of visit (in thousands), 2012-2021

Table 187: Peru-Outbound trips by mode of transport (in thousands), 2012-2021

Table 188: Peru-Outbound trips by region (in thousands), 2012-2021

Table 189: Peru-Outbound trips by purpose of visit (in thousands), 2012-2021

Table 190: Peru-Number of overnight stays by type of trip (in thousands), 2012-2021

Table 191: Peru-Holiday Takers (domestic and outbound trips combined) by age group (in thousands), 2012-2021

Table 192: Peru-Inbound business trips by type (in thousands), 2012-2021

Table 193: Peru-Outbound business trips by type (in thousands), 2012-2021

Table 194: Peru-Domestic trips by mode of transport (in thousands), 2012-2021

Table 195: Peru-Outbound trips by user type (in thousands), 2012-2021

Table 196: Peru-Inbound trips by user type (in thousands), 2012-2021

Table 197: Peru-Arrivals from top-10 source markets (in thousands), 2012-2021

Table 198: Peru-Departures to top-10 destination markets (in thousands), 2012-2021

Table 199: Peru-Domestic tourism expenditure by sector (in LCU million), 2012-2021

Table 200: Peru-Domestic tourism expenditure by sector (in US$ million), 2012-2021

Table 201: Peru-Inbound tourism expenditure by sector (in LCU million), 2012-2021

Table 202: Peru-Inbound tourism expenditure by sector (in US$ million), 2012-2021

Table 203: Peru-Outbound tourism expenditure by sector (in LCU million), 2012-2021

Table 204: Peru-Outbound tourism expenditure by sector (in US$ million), 2012-2021

Table 205: Peru-Direct tourism output by sector (in LCU million), 2012-2021

Table 206: Peru-Direct tourism output by sector (in US$ million), 2012-2021

Table 207: Peru-Indirect tourism output by sector (in LCU million), 2012-2021

Table 208: Peru-Indirect tourism output by sector (in US$ million), 2012-2021

Table 209: Peru-Total tourism output by sector (in LCU million), 2012-2021

Table 210: Peru-Total tourism output by sector (in US$ million), 2012-2021

Table 211: Peru-Average domestic tourism spend per day of trip (in LCU), 2012-2021

Table 212: Peru-Average domestic tourism spend per day of trip (in US$, 2012-2021

Table 213: Peru-Average outbound tourism spend per day of trip (in LCU), 2012-2021

Table 214: Peru-Average outbound tourism spend per day of trip (in US$), 2012-2021

Table 215: Peru-Average expenditure per domestic tourist by sector (in LCU), 2012-2021

Table 216: Peru-Average expenditure per domestic tourist by sector (in US$), 2012-2021

Table 217: Peru-Average expenditure per inbound tourist by sector (in LCU), 2012-2021

Table 218: Peru-Average expenditure per inbound tourist by sector (in US$), 2012-2021

Table 219: Peru-Average expenditure per outbound tourist by sector (in LCU), 2012-2021

Table 220: Peru-Average expenditure per outbound tourist by sector (in US$), 2012-2021

Table 221: Peru-Online travel sales to country residents (in LCU million), 2012-2021

Table 222: Peru-Online travel sales to country residents (in US$ million), 2012-2021

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