Arrivals from neighbouring countries have the greatest impact on inbound arrivals as travellers from Argentina, Brazil, Bolivia, Colombia, Ecuador, Uruguay, Paraguay and Peru only require their ID to enter the country, making it an easy-access destination. Arrivals from Latin America posted 31% growth during 2016, mainly due to the 49% increase in arrivals from Argentina. High prices in Argentina, its 25% inflation rate during 2016 and the lift on taxes when purchasing in foreign countries have allowed Chile to become a hotspot for shopping tours. Arrivals from Haiti, the Dominican Republic and Venezuela increased by 124%, 57% and 55% as travellers entered the country as tourists, but stayed to look for better opportunities. Overall, the growth in inbound trips was also a result of the international campaign “Naturaleza Abierta” by SERNATUR, which targets North American, Asia Pacific and European countries by promoting the country’s natural scenery.
Inbound arrivals is expected to generate a a CAGR of 5% over the forecast period, and reach seven million trips in 2022. Chile will continue investing in promoting the country with the government campaign Naturaleza Abierta, especially within countries from Europe and Asia Pacific, as people there have greater purchasing power and may be attracted to natural destinations. The airport expansion supports the growth projections and is expected to accommodate 30 million passengers annually by 2020, creating more connectivity in terms of number of flights and destinations. Also, the recognition the country received in the World Travel Awards 2016 as best adventure tourism destination will boost Chile’s touristic reputation.
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This industry report originates from Passport, our Travel And Tourism market research database.