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Chile Tourism Report Q3 2009Published by: Business Monitor International Published: Jun. 19, 2009 - 41 Pages Table of Contents
AbstractChile’s tourism industry is very much a work in progress. It has very considerable potential to grow off asmaller base than the more mature sectors in Brazil, Mexico and Argentina.Factors in Chile’s favour include a wealth of natural attractions, some of the highest levels of personalsafety and security in Latin America, a sound economy and solid investments being made in tourisminfrastructure. In addition to its continental territory - a narrow strip of land approximately 4,200 kilometres (km) longon the western coastline of South America - Chile also comprises an Antarctic territory, a number ofoffshore islands and the enigmatic Easter Island with its mysterious statues. Chile is well-placed to exploit the new strongly emerging trend towards adventure holidays, eco-tourismand the focus on sustainable development. The southern tip of Chile is, for instance, already the jumpingoffpoint for Antarctic tours. The government is quite supportive. It’s appropriately named ‘plan de acción de turismo’ (plan of actionfor tourism) developed in conjunction with SERNATUR, the national tourism board, has the quiterealistic goal to increase the number of tourists from 2.5 million (mn) in 2007 to 3.0mn in 2010. The latest World Travel and Tourism (WTTC) report forecasts a contraction in Chile’s tourism sector thisyear, a consequence of the global financial crisis. It expects that after years of steady growth the traveland tourism sector contribution to GDP will fall slightly (in local currency terms) form CLP4,205mn(US$8,048) in 2008 to CLP4.179 (US$6,810) in 2009. WTTC expects the industry to grow again after thedownturn and to reach CLP8,166 (US$10,930) in 2019. Direct employment in the sector in 2009 will be 118,700. Including employment in indirect, supporting,sector the tourism industry represents 302,500 jobs, or 4.6% of total employment in Chile. At present, just one in three visitors arrive by air. The larger number travel overland. While some aretourists from outside Latin America travelling through several countries in the region, most are residentsof the neighbouring countries. In the current economic climate, this is no bad thing since it has insulatedthe Chilean industry at least somewhat from the global downturn. The growth potential for the industry, however, lies principally in drawing tourists from outside theregion. Some of the more prominent recent developments are the substantial investments by: (a) hotel groups andresorts in different regions of Chile, (b) tour operators, and (c) casino resorts. New legislation has beenpassed allowing up to three casinos per region - for the 15 regions in Chile. The rising level of investmentstems in part from a substantial measure of international confidence in the Chilean government. Substantial investment programmes are also under way in the country’s ski resorts around the capital,Santiago, at Portillo, Valle Nevado, Farellones, La Parva and El Colorado, and in the southern resorts,particularly Termas de Chillan. In the coastal tourism destinations, Vina del Mar has been transformed bythe construction of luxurious apartment buildings along its beaches, and by other resorts in the coastalarea between Rocas de Santo Domingo and Algarrobo. In the North, La Serena and San Pedro deAtacama have also received huge investments in recent years. A new sector to watch is the veritableboom in special-interest tourism. Outdoors activities, wine tours, fishing, whale watching, eco-tourismand gaming are all benefiting from government encouragement and growth. Given attractive incentivesfor investment in tourism, and the sound financial and business environment in the country, it is expectedthat the future development of tourism investment projects for areas as Patagonia, Chiloe Island, Viña delMar, La Serena and San Pedro de Atacama will continue to expand to cater to international tourists aswell as internal visitors. Get Full Details About This Report >> |
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