Colombia Tourism Q3 2019
Colombia has a fairly well-established tourism sector and is benefitting from the peace dividend arising from the end ofthe lengthy civil conflict with the Revolutionary Armed Forces of Colombia (FARC) guerrilla group. As Colombia moves into a post-conflict stage, the tourism industry is poised for significant growth. The government is committed to improving security againstterrorism and to developing national travel infrastructure, particularly through investing in new airports. These changes should openup the less developed areas of the country, which have thus far been unable to establish significant tourist hubs. Major towns andcities, such as Bogotá and Barranquilla, are already well-served by both domestic and international hotel chains, but the sector is byno means saturated. Over the forecast period, we expect to see many new developments as chains try to take advantage ofincreasing visitor numbers. A potential risk to growth is the escalation of violence or a breakdown of the peace treaty between thegovernment and FARC, which remains fragile.
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