DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3vpqnz/travel_and) has announced the addition of the "Travel and Tourism in Chile to 2017" report to their offering.
Inbound and domestic tourist volumes in Chile increased during the review period (2008-2012) at respective compound annual growth rates (CAGRs) of 2.73% and 7.16%, despite the slowdown in 2009. Growth is expected to continue over the forecast period (2013-2017), supported by the government's promotional efforts, improving air connectivity and improving economic conditions.
Key Highlights
- A US$31 million loan aimed at improving the Chilean tourism sector's competitiveness was approved by the Inter-American Development Bankin January 2010.
- Domestic tourism plays an important role in the country's tourism sector, accounting for a higher share of total tourism arrivals and expenditure than inbound tourism.
- The casino industry in Chile is emerging and provides the country with a major boost to inbound tourism, especially from key source countries in the Americas.
- Healthy growth in outbound tourism was driven by positive economic conditions. In 2011, the country's unemployment rate reached 6.4%, the lowest level in six years, and GDP grew by 7.5%, providing people with more disposable income.
- The domestic market is dominated by LAN Airlines (LAN), which accounted for more than 70% of passengers carried in 2012. In order to expand its operations, LAN acquired Brazilian airline TAM in 2012. The merger, named LATAM, subsequently became the second-largest airline in the world in terms of revenue in 2012, with total revenue of US$9.72 billion. In order to meet the growing demand for air travel, the company added six Airbus 320s, four Boeing 767-300s, two Boeing 777-300ERs and two Boeing 787-800 passenger aircraft, and one Boeing 777 freighter to its fleet.
- As the economic hub of the country, Santiago has been targeted by many international brands such as Starwood Hotels & Resorts Worldwide, InterContinental Hotels Group and Hyatt Hotels to set up establishments and target international business travelers.
- In 2012, Arriendas, a peer-to-peer car rental website, was launched in Chile, allowing individual car owners in the country to rent their cars to tourists and other Chilean residents.
- The growing popularity of wine tourism in the country holds significant opportunities for travel intermediaries.
Scope
- Details historical values for the Chilean tourism sector for 2008-2012, along with forecast figures for 2013-2017
- Provides comprehensive analysis of the travel and tourism demand factors with values for both the 2008-2012 review period and the 2013-2017 forecast period
- Provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Chile.
- Provides comprehensive analysis of the trends in airline, hotel, car rental and travel intermediaries industry with values for both the 2008-2012 review period and the 2013-2017 forecast period
Key Topics Covered
1 Executive Summary
2 Market Overview
3 Tourism Flows
4 Airlines
5 Hotels
6 Car Rental
7 Travel Intermediaries
9 Airport Profiles
10 Company Profiles - Airlines
11 Company Profiles - Hotels
12 Company Profiles - Car Rental
13 Company Profiles - Travel Intermediaries
14 Market Data Analysis
15 Appendix
Companies Mentioned
- Aerocardal
- Aerovías Dap
- Amity Tours Chile
- Avis Rent a Car Chile
- Budget Rent a Car Chile
- Cascada Expediciones
- Europcar Chile
- Fantastic 4 Travel SRL
- Grand Hyatt Santiago
- Hertz Car Rental Chile
- InterContinental Hotels Chile
- LATAM Airlines
- National Car Rental Chile
- PAL Airlines
- Protours Chile
- Radisson Hotels Chile
- Sky Airline
- The Ritz-Carlton, Chile
- VisitChile.com
- W Hotels Chile
For more information visit http://www.researchandmarkets.com/research/3vpqnz/travel_and.
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