Despite the decrease in travellers from other Latin America countries, 2019 was a successful year for luxury and mid-market hotels, who managed to maintain their occupancy rates by expanding their client base, focusing on business travellers.
As Chile continues to grow in popularity as an international destination, so does the offer of short-term rentals. Growth is being driven by leading player Airbnb.
In a move to capture and obtain more of the lucrative younger market, major lodging players developed hotels focused on lifestyle, with an urban feel. In fact, Chilean hotel Explora was noted in Wallpaper’s 2018 Best Urban Hotel Shortlist, with the hotel described as having a rustic sophistication that was peaceful when combined with the natural landscape.
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Discover the latest market trends and uncover sources of future market growth for the Lodging industry in Chile with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.