Colombia

The cost and hassle of car ownership are leading to strong value growth in car rental in Colombia. Regulation has been put in place to cope with traffic congestion, such as restrictions on car circulation in major cities. In Bogotá, the Pico y Placa ...

Avianca remained the dominant airline in Colombia in 2019. Nevertheless, the company has been experiencing problems, which led to changes in the airlines landscape in the region. After a difficult time, with a pilots’ strike in 2017 and a subsequent ...

Short term rentals saw double-digit current value growth in every year of the review period, which is believed to have hampered the growth of hotels. Airbnb is the most important booking platform in this segment. This strong growth encouraged the ...

Specialisation was a strategy used by smaller intermediaries to face the expansion of OTAs such as Despegar.com. They offered very specific trips focused on ecological, ethnic and religious tourism. Targeting such smaller niches was a way of ...

Although outbound and domestic trips increased in Colombia in 2019, inbound arrivals fell. Arrivals from Venezuela declined strongly, as economic problems in this country led citizens to flee. This meant that most arrivals to Colombia came not as ...

Inbound arrivals saw a decline in 2019, for the first time in many years. This was mainly due to a reduction in arrivals by land. The main contributory factor was the strong decline in Venezuelan tourists. In 2019, most people who arrived in Colombia...

The economy’s rate of growth will improve in 2019. Moderate gains in private consumption and exports, along with a pickup in investment in mining.and an acceleration in fixed investment, will support the economy. Growth of real GDP will remain at ...

Colombia’s business environment rankings compare well with regional peers. Furthermore, the government is embarking upon an ambitious infrastructure plan that hopes to transform the country’s logistics landscape, whilst lower corporate tax rates ...

Growth of income and expenditure accelerated in 2017, thanks to the improving economic situation, lower inflation, and the end of armed conflicts in Colombia. Economic growth, combined with higher commodity prices, is predicted to support social ...

Colombia is experiencing an economic slowdown after a prolonged period of growth, with local households feeling this in the form of high unemployment and inflationary prices for household goods. Nonetheless, property prices continue to rise and the ...

The Annual Report of Vehicle Registrations showed that during 2018, the number of new vehicle registrations stood at 256,000 up from 238,000 in the previous year, representing an 8% rise. This represented an increase after declining sales in earlier ...

Category growth is being driven by the introduction of increasingly advanced technology across all price segments, which is widening segmentation and expanding category size. Thanks to improved quality, average prices in the category have risen, ...

One body/sound tower systems are currently trendy and are helping to boost Hi-Fi systems, the latter which while still contracting, experienced a stronger performance in 2019 compared to the CAGR for the review period. The slim and light design of ...

Replacement sales continued to drive growth of LCD, LED and OLED TVs in 2019. In preparation for the World Cup in the previous year, the category experienced changes in screen sizes with displays of over 40” accounting for the vast majority of the ...

Imaging devices witnessed a shift in consumer preferences towards premium choices in 2019. Action cameras are on the rise while semi-professional products continue to be more widely distributed. Premium segments such as semi-professional cameras and ...

Sales of smartphones are expected to remain strong over the forecast period. Consumers continue to demand more storage, with better processors and advanced cameras, seeking smartphones that can support entertainment and activities such as games, ...

The economy achieved an improved growth rate in 2019 after several difficult years. Moderate gains in private consumption and exports, along with a pick-up in investment in mining and an acceleration in fixed investment are all helping to support the...

The evolution of wireless audio technology from connected bulky audio systems has helped the category to rapidly expand. Current home portable speakers are equipped with high sound quality and are available in a variety of modern and colourful ...

Wearable electronics remained at the early adoption stage in 2019 as they are perceived as premium devices. Moreover, in response to ongoing consumer price sensitivity, low-priced brands such as Diggro, Kingwear, Tigers, Mymobile and MyWigo have made...

Latin America is the fourth largest region globally for sales of laundry care, and is predicted to be the third fastest growing over 2018-2023. Difficult economic conditions in some markets over 2013-2018 restricted growth, but there are many ...