(MENAFNEditorial)
The Chile tourism report examines the strong long-term potential currently being offered by the local tourism industry bolstered by continuing strong levels of government support. BMI cautions that growth in tourist arrivals may moderate slightly from 2014 onwards as tourists to Latin America might choose to travel to Brazil instead given that it is hosting the football World Cup in 2014 and then the Olympic Games in Rio de Janeiro in 2016.
The report also analyses the growth and risk management strategies being employed by some of the leading players in the Chilean accommodation sector as they seek to maximise the tremendous growth opportunities being offered by the local market at the present time.
According to Chile's National Statistics Board (Sernatur) arrivals to Chile totalled 1.7mn in the first five months of the year representing a 0.5% increase year-on-year (y-o-y). This slow rate of growth reflects a decline of 6.3% in March 2014 due to the earthquakes that occurred in that month. Arrivals growth was also slow in April at 0.8% perhaps reflecting the large fire in the major port city of Valparaiso in that month. However arrivals surged by 8.5% y-o-y in May representing the highest level of growth so far in 2014. Growth was particularly strong in the southern Los Ríos region at 135% indicating the attractiveness of the Patagonian region for tourism. Arrivals in the Atacama region grew by 42.6% reflecting strong cross-border tourism with Bolivia. We will monitor arrivals data from June and July to assess whether the World Cup in nearby Brazil has adversely affected tourism to Chile in those months.
Full Report Details at
- http://www.fastmr.com/prod/912271_chile_tourism_report_q1_2015.aspx?afid=101
The central government is increasing funding to the nationwide tourism plan. In June the Economy Ministry announced USD100mn for the fund for sustainable tourism over 2015-2018 which will be available for all Chile's 15 regions. Previously tourism has been organised on a decentralised largely regional basis. The announcement was made at the first...
The Chile Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport reason for travel origin and destination; and the accommodation market.
BMI's Chile Tourism Report provides industry professionals and strategists corporate analysts associations government departments and regulatory bodies with independent forecasts and competitive intelligence on the Chilean tourism industry.
Key Benefits
* Benchmark BMI's independent tourism industry forecasts for Chile to test other views - a key input for successful budgetary and planning in the Chilean tourism market.
* Target business opportunities and risks in the Chilean tourism sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Chile.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
This contains a synopsis of our forecasts and any changes together with an overview of key trends and developments in the tourism industry and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects new hotel developments and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the tourism sector and within the broader political economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2018 for all key indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
Inbound tourism: Arrivals (‘000) arrivals growth (% y-o-y) arrivals by region growth (% y-o-y) arrivals by country growth (% y-o-y) top 10 countries based on arrivals growth (% y-o-y).
Outbound tourism: Departures (‘000) growth (% y-o-y) departures by regional destination (‘000 and growth % y-o-y).
Travel: Methods of travel for arrivals (Air Ship Rail) (‘000) and (% growth y-o-y) international Tourism receipts for transport (US$bn) (growth % y-o-y) international Tourism receipts for travel items (US$bn) (growth % y-o-y).
Hotels: Hotel industry value (US$bn) (growth % y-o-y) (%GDP) (per capita) (per employee) number of hotels and like establishments (‘000) (growth % y-o-y) total overnight stays (‘000) (growth % y-o-y) length of stay occupancy rate (%) number of hotel rooms (‘000) (growth % y-o-y).
Industry Risk Reward Rankings
BMI’s Tourism Industry Risk Reward Rankings provide a country-comparative Risk Reward Rankings index aimed at investors (tour operators tourism infrastructure investors financial institutions) in the regional tourism market.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points.
We also have Security Risk Reward Rankings which provide a detailed assessment of possible threats to the country (and by extenuation to the tourism industry) ranging from economic and political upheaval to terrorist attacks and organised crime levels.
Market Overview
This contains a comprehensive overview of the tourism industry in the country its overall value the value of its hotels industry trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country which brands are present in which cities the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database which contain details of projects their value the time frame their current status the companies involved and their estimated completion dates.
Company Profiles
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