Chile Tourism Report Q2 2016
BMI View: Chile is set for a year of strong arrivals growth in 2016, at 7% making it one of the fastestgrowing markets in the region. This is particularly notable in a year when many potential visitors may haveinstead chosen to visit the Olympic Games in Rio, and we believe that Chile's ongoing expansion as amarket reflects its positive fundamentals.
Key Updates And Forecasts:
We expect arrivals from two of Chile's main source markets, Argentina and Brazil, to fluctuate in 2016 asa result of domestic factors. Economic weakness and the attraction of the Olympics in Rio will lead toslow growth in Brazilian arrivals in 2016. Although we are forecasting a similar moderation forArgentina, we believe that improved economic prospects under the new president could provide upsiderisks to our forecasts.
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