Travel and Tourism in Colombia Boosted by Rising International Arrivals and Government Funding to Build New Airports
International arrivals grew by 16.3% in 2015. Furthermore, a ceasefire agreement to put an end to the 50-year conflict between the government and FARC rebels has been signed in June 2016.
Albany, NY, July 29, 2016 --(PR.com)-- In 2016, the weak local currency in Colombia will increase the preference for domestic trips over outbound travel, states a report newly added by Market Research Hub to its vast database. It is also expected that the weak peso will continue to boost the growing inbound tourism as well. In 2015, international arrivals increased by 16.3%. In June 2016, an agreement was signed to end the 50-year conflict between FARC rebels and the Colombian government. This is predicted to significantly affect international arrivals, predict the report’s authors. These are some of the findings of the report, titled ‘Travel and Tourism in Colombia to 2020’.
The research says that travel and tourism in Colombia has been enjoying impressive growth over the past few years – 8.2% in 2013, 7.4% in 2014, and the aforementioned 16.3% in 2015. Consistent improvements in safety for tourists in Colombia have contributed to the consistent growth. The research report also highlights details about international arrivals, international departures, outbound trips, and inbound trips. As per the findings of the report, in 2015, there were approximately 2.3 million international arrivals in Colombia. By 2020, international arrivals are expected to reach 3.2 million, exhibiting a 6.70% CAGR from 2016 to 2020.
Browse Full Report on Travel and Tourism in Colombia: http://www.marketresearchhub.com/report/travel-and-tourism-in-colombia-to-2020-report.html
The research also talks about the rising government support that is boosting the travel and tourism sector in Colombia. The Colombian government is planning to exempt all foreign tourists from the sales tax (VAT) of 16% on tourism services. In February 2016, at a tourist fair, the Colombian President, Juan Manuel, announced that a decree had already been prepared declaring the exemption for foreign tourists visiting Colombia and for those availing health tourism packages. This is expected to assist travel and tourism agents in Colombia in increasing the sale of tourist packages.
The study then focuses on the major factors expected to restrict the growth of travel and tourism in Colombia. The economic depreciation has adversely affected international departures, thus hampering the travel and tourism sector in Colombia. In 2015, outbound trips fell by 1.3% and expenditure declined by around 0.6%. By 2020, domestic trips in Colombia are expected to reach 32.6 million, exhibiting a 5.70% average annual growth rate from 2016 to 2020.
Request for Sample Report with TOC in a PDF Format: http://www.marketresearchhub.com/enquiry.php?type=S&repid=746297
As per the report, overcrowding at Colombia’s biggest airport, El Dorado at Bogota, is the primary challenge for the tourism sector. El Dorado was designed to serve 15 million to 17 million passengers every year. In 2015, with a total of 30 million passengers, the airport registered record-breaking passenger traffic. To ease the congestion of passengers, the Colombian government has invested US$375 mn in building a new airport, El Dorado II, by 2021. This is expected to further propel inbound and outbound trips, thus boosting travel and tourism in Colombia.
About Market Research HUB
Market Research HUB (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
Email : sales@marketresearchhub.com
Website : http://www.marketresearchhub.com/
The research says that travel and tourism in Colombia has been enjoying impressive growth over the past few years – 8.2% in 2013, 7.4% in 2014, and the aforementioned 16.3% in 2015. Consistent improvements in safety for tourists in Colombia have contributed to the consistent growth. The research report also highlights details about international arrivals, international departures, outbound trips, and inbound trips. As per the findings of the report, in 2015, there were approximately 2.3 million international arrivals in Colombia. By 2020, international arrivals are expected to reach 3.2 million, exhibiting a 6.70% CAGR from 2016 to 2020.
Browse Full Report on Travel and Tourism in Colombia: http://www.marketresearchhub.com/report/travel-and-tourism-in-colombia-to-2020-report.html
The research also talks about the rising government support that is boosting the travel and tourism sector in Colombia. The Colombian government is planning to exempt all foreign tourists from the sales tax (VAT) of 16% on tourism services. In February 2016, at a tourist fair, the Colombian President, Juan Manuel, announced that a decree had already been prepared declaring the exemption for foreign tourists visiting Colombia and for those availing health tourism packages. This is expected to assist travel and tourism agents in Colombia in increasing the sale of tourist packages.
The study then focuses on the major factors expected to restrict the growth of travel and tourism in Colombia. The economic depreciation has adversely affected international departures, thus hampering the travel and tourism sector in Colombia. In 2015, outbound trips fell by 1.3% and expenditure declined by around 0.6%. By 2020, domestic trips in Colombia are expected to reach 32.6 million, exhibiting a 5.70% average annual growth rate from 2016 to 2020.
Request for Sample Report with TOC in a PDF Format: http://www.marketresearchhub.com/enquiry.php?type=S&repid=746297
As per the report, overcrowding at Colombia’s biggest airport, El Dorado at Bogota, is the primary challenge for the tourism sector. El Dorado was designed to serve 15 million to 17 million passengers every year. In 2015, with a total of 30 million passengers, the airport registered record-breaking passenger traffic. To ease the congestion of passengers, the Colombian government has invested US$375 mn in building a new airport, El Dorado II, by 2021. This is expected to further propel inbound and outbound trips, thus boosting travel and tourism in Colombia.
About Market Research HUB
Market Research HUB (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
Email : sales@marketresearchhub.com
Website : http://www.marketresearchhub.com/
Contact
Market Research Hub
Sudip Saha
866-997-4948
www.marketresearchhub.com/
Sudip Saha
866-997-4948
www.marketresearchhub.com/
Contact
Categories