Travel and Tourism in Colombia to 2020

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Published: June 01, 2016 Report Code: TT0313MR-ST

Report Overview
Key Players
Table of Contents
Table
Figures

Due to weak local currency, more Colombians are expected to opt for domestic trips over outbound travel in 2016. The weak peso will also continue to support the growth of inbound tourism. 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. This is expected to have a significant positive impact on international arrivals.

Scope

• The Colombian travel and tourism sector continued its strong growth track in 2015. Inbound tourism has registered impressive growth over the last few years: 8.2% in 2013, 7.4% in 2014, and 16.3% in 2015, driven by Colombia’s improved safety. The growth can also be attributed to the weak Colombian currency in 2015. International arrivals totaled 2.3 million in 2015 and are projected to grow at a CAGR of 6.7% over the forecast period (2016–2020) to reach 3.2 million by 2020. However, the depreciating currency adversely impacted international departures. Outbound trips fell by -1.3% in 2015 and expenditure declined by -0.6%. Over the forecast period, domestic trips are projected to grow at an average annual rate of 5.7%, to reach 32.6 million by 2020. Outbound trips are expected to reach 5.1 million by 2020

• The Colombian Government intends to exempt foreign tourists from the 16% sales tax (VAT) on tourism-related services. In February 2016, President Juan Manuel Santos announced at the tourist fair, Anato, that “Already the decree is prepared which exempts from VAT those who visit us from the outside and those who buy tour packages associated with health tourism, tourism events, or related to cultural activities”. Santo added “it is good news for travel agents to sell more and at a better price”. This new tax policy is now effective

• Congestion at the county’s largest airport — El Dorado airport — at Bogota is the major challenge for Colombia in supporting air traffic growth in the coming years. El Dorado was originally designed to handle 15 to 17 million passengers a year but it had to handle 30 million passengers in 2015. There have been efforts (new terminals opened in 2012 and 2014) to ease congestion by expanding capacity. Furthermore, there are plans to construct another airport “El Dorado II” by 2021 with an investment of US$375 million.

Reasons to Buy

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

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

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

Avianca
Lan Colombia
VivaColombia
Copa Airlines Colombia
Satena
GHL Hotels
Hotels Estelar
Hotels y Resorts Decameron
InterContinental Hotels Group
Hotels Royal
Hotels Laureles Estadio
Hilton Hotels & Resorts
Operadores Hoteleros Santorini
Solar Hotels and Hotels Dann.

Executive Summary

Introduction

Travel and Tourism Sector in Context

Domestic Tourism

• Market summary and key developments in Colombian domestic tourism market

• Historical and projected figures for domestic trips and domestic expenditure in Colombia

• Domestic trips–trips by purpose of visit and by season, average length of trip and overnight stays

Inbound Tourism

• Market summary and key developments in Colombian inbound tourism market

• Historical and projected figures for inbound trips and inbound expenditure in Colombia

• Tourist arrivals from top 10 countries to Colombia

• Inbound trips–trips by purpose of visit and mode of transport

• Inbound trips–average length of trip and overnight stays

Outbound Tourism

• Market summary and key developments in Colombian outbound tourism market

• Historical and projected figures for outbound trips and outbound expenditure in Colombia

• Tourist departures to top 10 countries from Colombia

• Outbound trips–trips by purpose of visit and mode of transport

• Outbound trips–average length of trip and overnight stays

Airlines

• Market summary and key developments in Colombian airlines industry

• Revenues and seats sold in Colombian airlines market

• Low cost airlines in Colombia–seats available, seats sold and load factor

• Low cost airlines in Colombia–total revenue and revenue per customer

• Low cost airlines in Colombia–revenue generating passenger kilometers versus kilometers available

• Full service airlines in Colombia–seats available, seats sold and load factor

• Full service airlines in Colombia–total revenue and revenue per customer

• Full service airlines in Colombia–revenue generating passenger kilometers versus kilometers available

• Charter airlines in Colombia–seats available, seats sold and load factor

• Charter airlines in Colombia–total revenue and revenue per customer

• Charter airlines in Colombia–revenue generating passenger kilometers versus kilometers available

• Competitive landscape

Hotels

• Market summary and key developments in Colombian hotel industry

• Revenues, room nights available and revenue per available room in Colombian hotel industry

• Hotel establishments by category and available hotel rooms by category in Colombia

• Budget hotels in Colombia–revenues, room occupancy rates, room nights available and room nights occupied

• Budget hotels in Colombia–revenue per available room and revenue per occupied room

• Budget hotels in Colombia–revenue by customer type and guests by customer type

• Midscale hotels in Colombia–revenues, room occupancy rates, room nights available and room nights occupied

• Midscale hotels in Colombia–revenue per available room and revenue per occupied room

• Midscale hotels in Colombia–revenue by customer type and guests by customer type

• Upscale hotels in Colombia–revenues, room occupancy rates, room nights available and room nights occupied

• Upscale hotels in Colombia–revenue per available room and revenue per occupied room

• Upscale hotels in Colombia–revenue by customer type and guests by customer type

• Luxury hotels in Colombia–revenues, room occupancy rates, room nights available and room nights occupied

• Luxury hotels in Colombia–revenue per available room and revenue per occupied room

• Luxury hotels in Colombia–revenue by customer type and guests by customer type

• Competitive Landscape

Car Rental

• Market value of car rental industry in Colombia

• Car rental value in Colombia by rental type and location, and average revenue per day

• Car rental in Colombia–fleet size, rental days and market utilization rate

Travel Intermediaries

• Market value of travel intermediaries industry in Colombia

• Travel intermediaries’ online revenues and in-store revenues by provider

Airport Profiles

Market Data

• Domestic tourism

• Inbound tourism

• Outbound tourism

• Airlines

• Hotels

• Car rental

• Travel intermediaries

• Tourism output

• Tourism employment

Appendix

• Travel and tourism sector definitions

Table

Table 1: Domestic Trips – Overnight Stays, 2010–2020

Table 2: Average Length of Domestic Trip, 2010–2020

Table 3: Tourist Arrivals from Top 10 Countries, 2010–2020

Table 4: Inbound Trips – Overnight Stays, 2010–2020

Table 5: Average Length of Inbound Trip, 2010–2020

Table 6: Tourist Departures to Top 10 Countries, 2010–2020

Table 7: Outbound Trips – Overnight Stays, 2010–2020

Table 8: Average Length of Outbound Trip, 2010–2020

Table 9: Seats Available Low Cost Airlines and Load Factor (%), 2010–2020

Table 10: Total Revenue by Low Cost Airlines and Revenue per Customer, 2010–2020

Table 11: Seats Available Full Service Airlines and Load Factor, 2010–2020

Table 12: Total Revenue by Full Service Airlines and Revenue per Customer, 2010–2020

Table 13: Seats Available Charter Airlines and Load Factor, 2010–2020

Table 14: Total Revenue by Charter Airlines and Revenue per Customer, 2010–2020

Table 15: Budget Hotels, Room Occupancy Rates (%)

Table 16: Budget Hotels: Revenue per Occupied Room and Revenue per Available Room, 2010–2020

Table 17: Midscale Hotels, Room Occupancy Rates (%)

Table 18: Midscale Hotels: Revenue per Occupied Room and Revenue per Available Room, 2010–2020

Table 19: Upscale Hotels, Room Occupancy Rates (%)

Table 20: Upscale Hotels: Revenue per Occupied Room and Revenue per Available Room, 2010–2020

Table 21: Luxury Hotels, Room Occupancy Rates (%)

Table 22: Luxury Hotels: Revenue per Occupied Room and Revenue per Available Room, 2010–2020

Table 23: Top 10 Hotels (Volume), 2015

Table 24: Car Rentals: Average Revenue per Day, 2010–2020

Table 25: Car Market Utilization Rate(%), 2010–2020

Table 26: Travel Intermediaries Online Revenues by Type of Tourist, 2010–2020

Table 27: Travel Intermediaries In-Store Revenues by Provider, 2010–2020

Table 28: Number of Domestic Trips by Purpose, 2011–2020

Table 29: Domestic Trips – Overnight Stays, 2011–2020

Table 30: Total Domestic Tourism Expenditure by Category, 2011–2020

Table 31: Average Expenditure per Domestic Tourist by Category, 2011–2020

Table 32: International Arrivals by Region, 2011–2020

Table 33: International Arrivals by Purpose of Visit, 2011–2020

Table 34: International Arrivals by Mode of Transport, 2011–2020

Table 35: Inbound Trips – Overnight Stays, 2011–2020

Table 36: Total Inbound Tourism Expenditure by Category, 2011–2020

Table 37: Average Expenditure per Inbound Tourist by Category, 2011–2020

Table 38: International Departures by Region, 2011–2020

Table 39: International Departures by Purpose of Visit, 2011–2020

Table 40: International Departures by Mode of Transport, 2011–2020

Table 41: Outbound Trips – Overnight Stays, 2011–2020

Table 42: Total Outbound Tourism Expenditure by Category, 2011–2020

Table 43: Average Expenditure per Outbound Tourist by Category, 2011–2020

Table 44: Seats Available by Airline Type, 2011–2020

Table 45: Seats Sold by Airline Type – Business Travel, 2011–2020

Table 46: Seats Sold by Airline Type – Leisure Travel, 2011–2020

Table 47: Load Factor by Airline Type (%), 2011–2020

Table 48: Passenger Kilometers Available by Airline Type, 2011–2020

Table 49: Revenue Generating Passenger Kilometers Available by Airline Type, 2011–2020

Table 50: Revenue per Passenger by Airline Type, 2011–2020

Table 51: Total Revenue by Airline Type, 2011–2020

Table 52: Establishments by Hotel Category, 2011–2020

Table 53: Available Hotel Rooms by Hotel Category, 2011–2020

Table 54: Room Occupancy Rate by Hotel Category (%), 2011–2020

Table 55: Room Nights Available by Hotel Category, 2011–2020

Table 56: Room Nights Occupied by Hotel Category, 2011–2020

Table 57: Average Revenue per Available Room by Hotel Category, 2011–2020

Table 58: Revenue per Occupied Room by Hotel Category, 2011–2020

Table 59: Total Revenue Per Available Room by Hotel Category, 2011–2020

Table 60: Total Revenue by Hotel Category and Customer Type, 2011–2020

Table 61: Guests by Hotel Category and Customer Type, 2011–2020

Table 62: Car Rental – Market Value by Customer Type and Rental Location, 2011–2020

Table 63: Car Rental – Fleet Size, 2011–2020

Table 64: Car Rental Occasions, 2011–2020

Table 65: Car Rental Days, 2011–2020

Table 66: Car Rental – Average Rental Length, 2011–2020

Table 67: Car Rental – Market Utilization Rate (%), 2011–2020

Table 68: Car Rental – Average Revenue per Day, 2011–2020

Table 69: Travel Intermediaries Market Value by Product Type, 2011–2020

Table 70: Travel Intermediaries Online Revenues by Provider, 2011–2020

Table 71: Travel Intermediaries Online Revenues by Type of Tourist, 2011–2020

Table 72: Travel Intermediaries In-store Revenues by Provider, 2011–2020

Table 73: Travel Intermediaries In-store Revenues by Type of Tourist, 2011–2020

Table 74: Travel Agent Revenues from Domestic Tourism by Sales Channel, 2011–2020

Table 75: Travel Agent Revenues from International Tourism by Sales Channel, 2011–2020

Table 76: Tour Operator Revenues from Domestic Tourism by Sales Channel, 2011–2020

Table 77: Tour Operator Revenues from International Tourism by Sales Channel, 2011–2020

Table 78: Other Intermediaries Revenues from Domestic Tourism by Sales Channel, 2011–2020

Table 79: Other Intermediaries Revenues from International Tourism by Sales Channel, 2011–2020

Table 80: Total Tourism Output by Category, 2011–2020

Table 81: Direct Tourism Output by Category, 2011–2020

Table 82: Indirect Tourism Output by Category, 2011–2020

Table 83: Total Tourism Output Generated per Employee by Category, 2011–2020

Table 84: Direct Tourism Output Generated per Employee by Category, 2011–2020

Table 85: Indirect Tourism Output Generated per Employee by Category, 2011–2020

Table 86: Total Tourism Employment by Category, 2011–2020

Table 87: Direct Tourism Employment by Category, 2011–2020

Table 88: Indirect Tourism Employment by Category, 2011–2020

Table 89: Average Salary per Employee by Category, 2011–2020

Table 90: Total Gross Income Generated by Total Tourism Employment by Category, 2011–2020

Figures

Figure 1: Domestic trips, 2010–2020

Figure 2: Domestic expenditure, 2010–2020

Figure 3: Domestic Tourism by Purpose of Visit, 2010–2020

Figure 4: Number of Trips by Season – Domestic & Outbound, 2015

Figure 7: Inbound Trips, 2010–2020

Figure 8: Inbound Expenditure, 2010–2020

Figure 9: Inbound Tourism by Purpose of Visit, 2010–2020

Figure 10: International Arrivals by Mode of Transport, 2010–2020

Figure 11: Outbound Trips, 2010–2020

Figure 12: Outbound Expenditure, 2010–2020

Figure 13: Outbound Trips by Purpose of Visit, 2010–2020

Figure 14: International Departures by Mode of Transport, 2010–2020

Figure 15: Revenues of Airlines Industry, 2010–2020

Figure 16: Seats Sold in Airlines Industry, 2010–2020

Figure 17: Seats Sold by Low Cost Airlines

Figure 18: Revenue Generating Passenger Kilometers, versus Kilometers Available, Low Cost Airlines

Figure 19: Seats Sold by Full Service Airlines

Figure 20: Revenue Generating Passenger Kilometers, versus Kilometers Available, Full Service Airlines

Figure 21: Seats Sold by Charter Airlines

Figure 22: Revenue Generating Passenger Kilometers, versus Kilometers Available, Charter Airlines

Figure 23: Passenger Airlines: Company Market Share by Total Number of Passengers Carried (%), 2015

Figure 24: Revenues of Hotel Industry, 2010–2020

Figure 25: Room Nights Available and Revenue per Available Room, 2010–2020

Figure 26: Hotel Establishments by Category, 2010–2020

Figure 27: Available Hotel Rooms by Category, 2010–2020

Figure 28: Total Hotel Revenue, Budget Hotels, 2010–2020

Figure 29: Budget Hotels – Nights Available by Hotel Category, Room Nights Occupied by Hotel Category, 2010–2020

Figure 30: Budget Hotel Revenue by Customer Type (%), 2015

Figure 31: Budget Hotel Number of Guests by Customer Type (%), 2015

Figure 32: Total Hotel Revenue, Midscale Hotels, 2010–2020

Figure 33: Midscale Hotels – Nights Available by Hotel Category, Room Nights Occupied by Hotel Category, 2010–2020

Figure 34: Midscale Hotel Revenue by Customer Type (%), 2015

Figure 35: Midscale Hotel Number by Customer Type (%), 2015

Figure 36: Total Hotel Revenue, Upscale Hotels, 2010–2020

Figure 37: Upscale Hotels – Nights Available by Hotel Category, Room Nights Occupied by Hotel Category, 2010–2020

Figure 38: Upscale Hotel Revenue by Customer Type (%), 2015

Figure 39: Upscale Hotel Number by Customer Type (%), 2015

Figure 40: Total Hotel Revenue, Luxury Hotels, 2010–2020

Figure 41: Luxury Hotels, Revenue per Occupied Room and Revenue per Available Room, 2010–2020

Figure 42: Luxury Hotel Revenue by Customer Type (%), 2015

Figure 43: Luxury Hotel Number by Customer Type (%), 2015

Figure 44: Market Value of Car Rental Industry, 2010–2020

Figure 45: Car Rental Value by Rental Type and Location, 2010–2020

Figure 46: Car Fleet Size, Car Rental Days and Average Rental Length, 2010–2020

Figure 47: Market Value of Travel Intermediaries Industry, 2010–2020

Figure 48: Travel Intermediaries Online Revenues by Provider, 2010–2020

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