Travel and Tourism Industry in Chile to 2017: Market Analysis and Forecast by Researchmoz.us
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Travel and Tourism Industry in Chile to 2017: Market Analysis and Forecast by Researchmoz.us Document Transcript

  • 1. Travel and Tourism in Chile to 2017 Synopsis The report provides detailed market analysis, information and insights, including: Historic and forecast tourist volumes covering the entire Chilean travel and tourism sector Detailed analysis of tourist spending patterns in Chile for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transport, retail, travel intermediaries, and others Detailed market classification across each category, with analysis using similar metrics Detailed analysis of the airline, hotel, car rental and travel intermediaries industries. Executive summary 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. Scope This report provides an extensive analysis related to the tourism demands and flows in Chile: It details historical values for the Chilean tourism sector for 2008–2012, along with forecast figures for 2013–2017 It 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 The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Chile. It 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 Reasons to buy Take strategic business decisions using historic and forecast market data related to the Chilean travel and tourism sector. Understand the demand-side dynamics within the Chilean travel and tourism sector, along with key market trends and growth opportunities. 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. The program’s focus areas include three regions: Norte Grande, the south, and the Patagonia/Tierra del Fuego region. Infrastructure improvements contained in the development program include highway improvements, the implementation of interpretive and scenic trails, visitor centers, shelters, campgrounds and marinas, as well as infrastructure and equipment for trekking, horse riding and cycling. The bank expects average tourist stays in Chile to increase from 0.56 days in 2010 to 3.66 days in 2021. Average daily spending is also expected to rise from US$53 in 2010 to US$190 by 2021. Chile is a popular wine tourism destination. According to the Colchagua Valley Wineries Association, which has 12 members, the number of visitors to the valley in 2012 reached 150,000; this was expected to increase by 10% in 2013 as projected by the association in May 2013. An average expenditure of US$250 by Chilean tourists and US$300 by foreign tourists was recorded in 2012. Growth in the region, which was badly affected by the February 2010 earthquake, has been fuelled by the collective efforts of the Colchagua Valley Wine Route, the Colchagua Valley Wineries Association, and the regional office of the National Tourism Service. 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. Recognizing its strength, the Chilean government has launched several promotions and campaigns in order to promote domestic tourism. SERNATUR’s tourism campaign, “Chile es Tuyo” (“Chile is Yours”), is designed to further increase domestic travel in the country, an area whose rapid growth is evidenced by the fact that domestic tourist flows increased by 19.2% in 2011. Costa Maulina was the most popular regional destination for domestic tourists, with the region reporting an average room occupancy rate of 80% during this period. 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. In 2011, there were around 18 government-authorized casinos operating in Chile with an obligation to pay a 20% special tax on gross income. Antofagasta, San Antonio, Santa Cruz, Talcahuano, Valdivia, Osorno, and Punta Arenas are popular casino areas. In 2012, two new casinos opened in Coyhaique and Castro. 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. As of August 2013, more than 200 private cars were registered with the company. From June 2013, the Chilean government, with the aim of promoting entrepreneurship, also allowed car owners to take out BCI Insurance when they registered on the website. The growing popularity of wine tourism in the country holds significant opportunities for travel intermediaries. According to the Colchagua Valley Wineries Association of Chile, approximately 150,000 tourists visited the Colchagua Valley in 2012. This number was expected to grow by 10% in 2013, according to the association’s estimates in May 2013. Travel management companies such as Southamericaski.com have included the Casablanca, Cachapoal, Colchagua, Aconcagua, Maule, and Curicó wine regions into its offerings, alongside multilingual guides and adequate transportation facilities. table Of Contents 1 Executive Summary 2 Market Overview 2.1 The Domestic Economy 2.2 Travel And Tourism Trends And Issues 2.3 Tourism Swot 2.3.1 Strengths Travel and Tourism in Chile to 2017
  • 2. 2.3.2 Weaknesses 2.3.3 Opportunities 2.3.4 Threats 2.4 Country Fact Sheet 2.5 Demographic Profile 3 Tourism Flows 3.1 Domestic Tourism 3.1.1 Performance Outlook 3.1.2 Key Issues And Trends 3.2 Inbound Tourism 3.2.1 Performance Outlook 3.2.2 Key Issues And Trends 3.3 Outbound Tourism 3.3.1 Performance Outlook 3.3.2 Key Issues And Trends 3.4 Tourism Flows Forecast Highlights 4 Airlines 4.1 Performance Outlook 4.2 Key Issues And Trends 4.3 Airlines Forecast Highlights 5 Hotels 5.1 Performance Outlook 5.2 Key Issues And Trends 5.3 Hotels Forecast Highlights 6 Car Rental 6.1 Performance Outlook 6.2 Key Issues And Trends 6.3 Car Rental Forecast Highlights 7 Travel Intermediaries 7.1 Performance Outlook 7.2 Key Issues And Trends 7.3 Travel Intermediaries Forecast Highlights 8 Tourism Board Profile 8.1 Tourism Board Name 8.2 Tourist Board Description 8.3 Target Market 9 Airport Profiles 9.1 Chile Airports 9.1.1 Overview 9.1.2 Operator Profile 9.1.3 Routes 10 Company Profiles – Airlines 10.1 Company Profile: Latam Airlines Group Sa 10.1.1 Latam Airlines Group Sa – Company Overview 10.1.2 Latam Airlines Group Sa – Business Description 10.1.3 Latam Airlines Group Sa – Main Services 10.1.4 Latam Airlines Group Sa – History 10.1.5 Latam Airlines Group Sa – Swot Analysis 10.1.6 Latam Airlines Group Sa – Strengths 10.1.7 Latam Airlines Group Sa – Weaknesses 10.1.8 Latam Airlines Group Sa – Opportunities 10.1.9 Latam Airlines Group Sa – Threats 10.1.10 Latam Airlines Group Sa – Key Competitors 10.1.11 Latam Airlines Group Sa – Key Employees Travel and Tourism in Chile to 2017
  • 3. 10.2 Company Profile: Aerovías Dap 10.2.1 Aerovías Dap – Company Overview 10.2.2 Aerovías Dap – Main Services 10.2.3 Aerovías Dap – Key Competitors 10.2.4 Aerovías Dap – Key Employees 10.3 Company Profile: Aerocardal 10.3.1 Aerocardal – Company Overview 10.3.2 Aerocardal – Main Services 10.3.3 Aerocardal – Key Competitors 10.3.4 Aerocardal – Key Employees 10.4 Company Profile: Pal Airlines 10.4.1 Pal Airlines – Company Overview 10.4.2 Pal Airlines – Main Services 10.4.3 Pal Airlines – Key Competitors 10.4.4 Pal Airlines – Key Employees 10.5 Company Profile: Sky Airline Sa 10.5.1 Sky Airline Sa – Company Overview 10.5.2 Sky Airline Sa – Main Services 10.5.3 Sky Airline Sa – Key Competitors 10.5.4 Sky Airline Sa – Key Employees 11 Company Profiles – Hotels 11.1 Company Profile: The Ritz-carlton, Chile 11.1.1 The Ritz-carlton, Chile – Company Overview 11.1.2 The Ritz-carlton, Chile – Main Services 11.1.3 The Ritz-carlton, Chile – Key Competitors 11.1.4 The Ritz-carlton, Chile – Key Employees 11.2 Company Profile: Grand Hyatt Santiago 11.2.1 Grand Hyatt Santiago – Company Overview 11.2.2 Grand Hyatt Santiago – Main Services 11.2.3 Grand Hyatt Santiago – Key Competitors 11.2.4 Grand Hyatt Santiago – Key Employees 11.3 Company Profile: W Hotels Chile 11.3.1 W Hotels Chile – Company Overview 11.3.2 W Hotels Chile – Main Services 11.3.3 W Hotels Chile – Key Competitors 11.3.4 W Hotels Chile – Key Employees 11.4 Company Profile: Intercontinental Hotels Chile 11.4.1 Intercontinental Hotels Chile – Company Overview 11.4.2 Intercontinental Hotels Chile – Main Services 11.4.3 Intercontinental Hotels Chile – Key Competitors 11.4.4 Intercontinental Hotels Chile – Key Employees 11.5 Company Profile: Radisson Hotels Chile 11.5.1 Radisson Hotels Chile – Company Overview 11.5.2 Radisson Hotels Chile – Main Services 11.5.3 Radisson Hotels Chile – Key Competitors 11.5.4 Radisson Hotels Chile – Key Employees 12 Company Profiles – Car Rental 12.1 Company Profile: Budget Rent A Car Chile 12.1.1 Budget Rent A Car Chile – Company Overview 12.1.2 Budget Rent A Car Chile – Main Services 12.1.3 Budget Rent A Car Chile – Key Competitors 12.1.4 Budget Rent A Car Chile – Key Employees 12.2 Company Profile: Europcar Chile 12.2.1 Europcar Chile – Company Overview 12.2.2 Europcar Chile – Main Services 12.2.3 Europcar Chile – Key Competitors 12.2.4 Europcar Chile – Key Employees 12.3 Company Profile: Hertz Car Rental Chile 12.3.1 Hertz Car Rental Chile – Company Overview 12.3.2 Hertz Car Rental Chile – Main Services 12.3.3 Hertz Car Rental Chile – Key Competitors 12.3.4 Hertz Car Rental Chile – Key Employees 12.4 Company Profile: Avis Rent A Car Chile 12.4.1 Avis Rent A Car Chile – Company Overview Travel and Tourism in Chile to 2017
  • 4. 12.4.2 Avis Rent A Car Chile – Main Services 12.4.3 Avis Rent A Car Chile – Key Competitors 12.4.4 Avis Rent A Car Chile – Key Employees 12.5 Company Profile: National Car Rental Chile 12.5.1 National Car Rental Chile – Company Overview 12.5.2 National Car Rental Chile – Main Services 12.5.3 National Car Rental Chile – Key Competitors 12.5.4 National Car Rental Chile – Key Employees 13 Company Profiles – Travel Intermediaries 13.1 Company Profile: Fantastic 4 Travel Srl 13.1.1 Fantastic 4 Travel Srl – Company Overview 13.1.2 Fantastic 4 Travel Srl – Main Services 13.1.3 Fantastic 4 Travel Srl – Key Competitors 13.2 Company Profile: Cascada Expediciones 13.2.1 Cascada Expediciones – Company Overview 13.2.2 Cascada Expediciones – Main Services 13.2.3 Cascada Expediciones – Key Competitors 13.2.4 Cascada Expediciones – Key Employees 13.3 Company Profile: Amity Tours Chile 13.3.1 Amity Tours Chile – Company Overview 13.3.2 Amity Tours Chile – Main Services 13.3.3 Amity Tours Chile – Key Competitors 13.3.4 Amity Tours Chile – Key Employee 13.4 Company Profile: Protours Chile 13.4.1 Protours Chile – Company Overview 13.4.2 Protours Chile – Main Services 13.4.3 Protours Chile – Key Competitors 13.4.4 Protours Chile – Key Employee 13.5 Company Profile: Visitchile.com 13.5.1 Visitchile.com – Company Overview 13.5.2 Visitchile.com – Main Services 13.5.3 Visitchile.com – Key Competitors 14 Market Data Analysis 14.1 Domestic Tourism 14.1.1 Number Of Trips And Overnight Stays 14.1.2 Number Of Overnight Stays 14.1.3 Total Domestic Tourist Expenditure 14.1.4 Average Expenditure Per Domestic Tourist By Category 14.2 Inbound Tourism 14.2.1 International Arrivals By Region 14.2.2 International Arrivals By Purpose Of Visit 14.2.3 Total Inbound Tourism Expenditure By Category 14.2.4 Average International Tourist Expenditure By Category 14.3 Outbound Tourism Flows 14.3.1 International Departures By Region 14.3.2 International Departures By Purpose Of Visit 14.3.3 Number Of Overnight Stays 14.3.4 Total Outbound Tourism Expenditure By Category 14.3.5 Average Overseas Expenditure Per Resident By Category 14.4 Airlines 14.4.1 Seats Available 14.4.2 Number Of Seats Sold By Passenger Type 14.4.3 Load Factor 14.4.4 Passenger Kilometers Available 14.4.5 Revenue-generating Passenger Kilometers 14.4.6 Revenue Per Passenger 14.4.7 Total Airlines Revenue 14.5 Hotels 14.5.1 Hotel Establishments 14.5.2 Available Rooms 14.5.3 Room Occupancy Rate 14.5.4 Room Nights Available 14.5.5 Room Nights Occupied 14.5.6 Average Revenue Per Available Room Travel and Tourism in Chile to 2017
  • 5. 14.5.7 Revenue Per Occupied Room 14.5.8 Total Revenue Per Available Room 14.5.9 Total Hotel Revenue 14.5.10 Guests By Customer Type 14.6 Car Rentals 14.6.1 Market Value By Customer Type 14.6.2 Fleet Size 14.6.3 Rental Occasions 14.6.4 Rental Length 14.6.5 Average Rental Length 14.6.6 Utilization Rate 14.6.7 Average Revenue Per Day 14.7 Travel Intermediaries 14.7.1 Market Value By Product Type 14.7.2 Travel Intermediaries Market Value By Channel 14.7.3 Travel Intermediaries Market Value By Destination 14.7.4 Travel Intermediaries Market Value By Customer Type 15 Appendix 15.1 What Is This Report About? 15.2 Definitions 15.3 Methodology 15.4 Contact Timetric 15.5 About Timetric 15.6 Timetric’s Services 15.7 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Travel and Tourism in Chile to 2017