(MENAFNEditorial)
We expect Chile's tourism industry to perform well in 2015 with forecast tourist arrivals growth of 7.0%. This is set to feed into continued growth for the hotels and restaurants industry with hotel numbers forecast to grow by 4.4% in 2015.
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 is positive about Chile's medium-term growth prospects with government support for industry initiatives and strong arrivals growth forecast to 2019.
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.
Full Report Details at
- http://www.fastmr.com/prod/951926_chile_tourism_report_q2_2015.aspx?afid=101
According to Chile's Servicio Nacional de Turismo (Sernatur) arrivals to Chile totalled 3.2mn in the first 11 months of 2014 a 1.1% increase year-on-year (y-o-y). Growth has been variable throughout the year with arrivals surging by 24.8% in May but falling by 32% in July and 38% in September. However we note that this was the winter season in Chile and estimate arrivals to have picked up over the remainder of 2014 and into 2015 as tourists arrived to enjoy the summer season. Preliminary indications suggest that arrivals rose by 14% in December boding well for early 2015.
In January 2015 the Ministry of Economy announced that it was planning to substantially increase investment in Chile's tourism industry noting that 2014 levels of investment were well below those in nearby countries. The ministry plans to increase spending on promoting tourism to USD8000mn in 2015 External promotion will particularly focus on markets such as Brazil with arrivals from Brazil rising by 52% in December and North America which continues to post steady growth.
Over the last quarter BMI has revised the following forecasts and...
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-2019 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Inbound Tourism: Total arrivals (‘000 and growth % y-o-y) arrivals by region (‘000 and growth % y-o-y) arrivals by country (‘000 and growth % y-o-y) top 10 source countries for arrivals.
* Outbound Tourism: Total departures (‘000 and growth % y-o-y) departures by regional destination (‘000 and growth % y-o-y) departures by country (‘000 and growth % y-o-y) top 10 destination countries.
* Travel & Receipts: Methods of travel for arrivals (air ship rail) (‘000 and growth % y-o-y) international tourism receipts for transport (USDbn and growth % y-o-y) international tourism receipts for travel items (USDbn and growth % y-o-y).
* Hotels: Hotel industry value (USDbn and growth % y-o-y) number of hotels (‘000 and growth % y-o-y) total overnight stays (‘000 and growth % y-o-y) length of stay occupancy rate (%) number of total
BMI’s Tourism Risk Reward Index
BMI’s Risk Reward Indices provide investors (tour operators tourism infrastructure investors financial institutions) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards.
Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide an indices of highest to lowest appeal to investors with each position explained.
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.
Competitive Landscape
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