"Chile Tourism Report Q3 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Apr 28 2015


We are forecasting tourist arrivals to reach 4.09mn in 2015, representing growth of 7%. This expansion of the tourism sector is creating opportunities in the accommodation sector, with international hotel groups currently under-represented.

BMI holds a positive short-term view on the tourism sector, with tourist arrivals forecast to grow by 7% in 2015, to 4.09mn arrivals. We believe this reflects Chile's geographical variety, positive economic and political fundamentals, and strong government support for the tourism sector. We expect this rate of growth to continue until 2018, when it will decline to 1.4%, before picking up again to 4.3% in 2019. We not believe that this lower forecast growth rate reflects any deterioration in Chile's attractive fundamentals, but more a natural moderation following a period of unusually high growth between 2014 and 2017.

Full Report Details at
- http://www.fastmr.com/prod/987470_chile_tourism_report_q3_2015.aspx?afid=302

With the tourism sector expanding at a high pace in the short term, our view is equally positive for the accommodation sector. BMI is forecasting the number of hotels in Chile to total 5,990 by 2019, up from 4,380. Over the same period, we expect hotel and restaurant industry value to rise from CLP2,248bn (USD3.63bn) to CLP2,385bn (USD4.18bn). We see particular opportunities for international hotel chains, which have historically not maintained an extensive presence in Chile. Beyond Santiago, we anticipate that international hotel chains could benefit from expanding in second-tier cities and particularly in the country's relatively under-developed northern and southern regions.

Key Developments

* The government plans to grant USD1.5bn worth of infrastructure concessions by March 2016, with highway transportation upgrades set to bolster the tourism sector.
* The Nuevo Pudahuel consortium has won the concession to expand and operate the Arturo Merino Benitez airport in Santiago, and will take over operations in October 2015.
* The construction of a new solar park in the Atacama Desert will not only...

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.

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You may also be interested in these related reports:

- Brazil Tourism Report Q3 2015
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