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Learn moreSep 2017
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Operators in the travel industry have been proactive in improving their services, granting security to carry out transactions along with increasing the number of discounts. Online travel sales to residents grew by 14% in current value terms in 2017, as travel products have become some of the most popular in the online channel among Chilean consumers. This is due to the fact that the online channel offers standardised products with proven quality and purchasing facilities, which have brought users closer to experiences that were previously not considered viable on a family budget.
Online travel sales to residents is expected to generate a value CAGR of 6% at constant 2017 prices over the forecast period, and reach CLP2.7 trillion in 2022. The Chamber of Commerce of Santiago projects that e-commerce will generate USD3.384 million in B2C sales in 2017. This significant increase in the digital economy is directly related to the investment of Chilean companies in infrastructure and technology, which has managed to improve logistics efficiency in the country. Although technological development in Chile is good in comparison with the region level, there are still issues to improve, especially in regard to high-demand events, which can generate distrust among consumers if executed poorly. The entry of prepaid cards in the forecast period will also have a positive effect on e-commerce, as an unbanked population will soon have the ability to purchase with credit.
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Discover the latest market trends and uncover sources of future market growth for the Online Travel Sales to Country Residents industry in Chile with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Online Travel Sales to Country Residents industry in Chile, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Travel And Tourism market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.