Destination Market Insights: Colombia

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Colombia’s tourism industry has been growing fast in recent years, partly due to a cease fire deal with the FARC, on track to be finalised in September 2016, and a weak peso. In 2015, the country saw a 16.3% increase in terms of international arrivals, which now stand at 2.3 million. It will see further growth to 3.2 million tourists in 2020, at an average annual rate of 5.6%

Scope

• The US is Colombia’s number one source market, with 429,000 visitors in 2015, and saw double digit growth in the last two years. Although VFR is popular amongst American tourists, Americans are also visiting Colombia for medical treatment, as the cost is significantly lower than in their home country. Spain is Colombia’s European largest market, with 101,000 visitors in 2015. The European market will be one of the fast growing markets in the future and total arrivals from Europe are expected to reach 566,900 in 2020The airline industry in Colombia is booming and the number of sold seats is forecast to growth from 43.4 million in 2015 to 63.3 million in 2020, a total increase of 46% in five years. However, Colombia has a low LCC penetration rate (10% in 2015), which makes air travel to Colombia expensive. Viva Colombia is the largest LCC in Colombia with an 8% share in 2015, and has been growing rapidly since it started in 2012.

Reasons to Buy

Make strategic business decisions using historic and forecast market data related to Colombia’s Inbound Travel & Tourism sector

Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

Direct promotional efforts on the most promising markets by identifying the key source and destination countries

Viva Colombia
Hilton
Marriot International

Table of Contents

• Snapshot

• Key Trends

• Main Source Markets

• Source Markets in Focus: The US

• Source Markets in Focus: Spain

• Transport

• Hotels

• Attractions

• Opportunities

• Risks

• Market Data

• Definitions

• Methodology

• About Canadean

Table

Table 1: Key Statistics, 2015

Table 2: Tourism Hotspots LATAM ranking

Table 3: Inbound Trips (in 000s) by country

Table 4: Top States with highest Colombia population

Table 5: Other International arrivals from Europe

Table 6: LCC Penetration in South America (Seats Sold)

Table 7: Major Hotel Companies in Colombia, 2015*

Table 8: International arrivals by region (in 000’s), 2011-2020

Table 9: International arrivals by purpose of visit (in 000’s), 2011-2020

Table 10: Overnight stays (in millions), 2011-2020

Table 11: International arrivals by mode of transport (in 000’s), 2011-2020

Table 12: Average length per inbound trip ( number of nights spent), 2011-2020

Table 13: Total inbound tourism expenditure by category, 2011-2020

Table 14: Average inbound expenditure per resident by category, 2011-2020

Table 15: Domestic arrivals by purpose of visit (in 000’s), 2011-2020

Table 16: Average length per domestic trip ( number of nights spent), 2011-2020

Table 17: Domestic Overnight stays (in millions), 2011-2020

Table 18: Total domestic tourism expenditure by category, 2011-2020

Table 19: Average domestic expenditure per resident by category, 2011-2020

Table 20: Number of seats available and sold in passenger airlines (in 000’s), 2011-2020

Table 21: Load factor of passenger airlines(in%), 2011-2020

Table 22: Number of passenger kilometers available (in millions), 2011-2020

Table 23: Number of revenue-generating passenger kilometers (in millions), 2011-2020

Table 24: Revenue per passenger, 2011-2020

Table 25: Total revenue of passenger airlines, 2011-2020

Table 26: Number of establishments and number of rooms by hotel category, 2011-2020

Table 27: Hotels – Key performance indicators, 2011-2020

Table 28: Room occupancy rate by hotel category (%), 2011-2020

Table 29: Number of rooms nights available and number of room nights occupied by hotel category, 2011-2020

Table 30: Average (total) revenue per available room, 2011-2020

Table 31: Average (room) revenue per available room and Average (room) revenue per occupied room

Table 32: Total room revenue and non-room revenue by hotel category and customer type, 2011-2020

Table 33: Total revenue by hotel category and customer type, 2011-2020

Table 34: Number of guests by hotel category and customer type (in 000’s) , 2011-2020

Figures

Figure 1: International arrivals by purpose of travel

Figure 2: Tourism Hotspots LATAM ranking

Figure 3: Inbound tourism expenditure

Figure 4: Domestic Trips

Figure 5: US Inbound trips to Colombia

Figure 6: Spanish arrivals in Colombia

Figure 7: Seats Sold per Airline Type (in %)

Figure 8: Number of Hotels

Frequently asked questions

Destination Market Insights: Colombia standard reports
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