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Overview:
Understand the latest market trends and future growth opportunities for the Travel industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Tourism Flows
- Airlines
- Car Rental (Destination)
- Lodging
- Online Travel Sales and Intermediaries
If you're in the Travel industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Travel in Colombia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Travel in Colombia?
- Which are the leading companies in Travel in Colombia?
- How are companies responding to the impact of COVID-19 and accordant travel restrictions?
- How severe is the scale of the damage?
- Which travel sectors are proving the most resilient?
- How soon can recovery be expected?
- What are companies doing to innovate and future-proof against the crisis?
Travel in Colombia
EXECUTIVE SUMMARY
Travel in 2021
COVID-19 impact on travel
Company response to COVID-19 in 2021: Airlines and hotels
Impact of COVID-19 on online bookings and travel intermediaries in 2021
What next for travel?
Chart 1 Inbound Receipts: 2021-2026
Chart 2 Average Spend per Trip for Inbound Arrivals: 2021-2026
MARKET DATA
Table 1 Other Transport Sales: Value 2016-2021
Table 2 Other Transport Online Sales: Value 2016-2021
Table 3 Forecast Other Transport Sales: Value 2021-2026
Table 4 Forecast Other Transport Online Sales: Value 2021-2026
Table 5 Activities and Experiences: Value 2016-2021
Table 6 Forecast Activities and Experiences: Value 2021-2026
GLOBAL INDUSTRY ENVIRONMENT
DISCLAIMER
SOURCES
Summary 1 Research Sources
Tourism Flows in Colombia
KEY DATA FINDINGS
2021 IMPACT
Tourism flows are recovering in 2021, despite ongoing challenges and disruptions from protests and strikes
Business tourism faces slow recovery, whilst “vaccine tourism” takes off
RECOVERY AND OPPORTUNITIES
ProColombia’s Colombia Tu Mejor Destino campaign encourages Colombians abroad to return home for their vacations
Rural and beach destinations lead recovery, as large cities lose their popularity
CATEGORY DATA
Table 7 Inbound Arrivals: Number of Trips 2016-2021
Table 8 Inbound Arrivals by Country: Number of Trips 2016-2021
Table 9 Inbound City Arrivals 2016-2021
Table 10 Inbound Receipts: Value 2016-2021
Table 11 Forecast Inbound Arrivals: Number of Trips 2021-2026
Table 12 Forecast Inbound Arrivals by Country: Number of Trips 2021-2026
Table 13 Forecast Inbound Receipts: Value 2021-2026
Table 14 Domestic Trips by Destination: Number of Trips 2016-2021
Table 15 Domestic Business Trips by Travel Mode: Number of Trips 2016-2021
Table 16 Domestic Leisure Trips by Travel Mode: Number of Trips 2016-2021
Table 17 Domestic Expenditure: Value 2016-2021
Table 18 Forecast Domestic Business Trips by Travel Mode: Number of Trips 2021-2026
Table 19 Forecast Domestic Leisure Trips by Travel Mode: Number of Trips 2021-2026
Table 20 Forecast Domestic Expenditure: Value 2021-2026
Table 21 Outbound Departures: Number of Trips 2016-2021
Table 22 Outbound Departures by Destination: Number of Trips 2016-2021
Table 23 Outbound Expenditure: Value 2016-2021
Table 24 Forecast Outbound Departures: Number of Trips 2021-2026
Table 25 Forecast Outbound Departures by Destination: Number of Trips 2021-2026
Table 26 Forecast Outbound Expenditure: Value 2021-2026
Airlines in Colombia
KEY DATA FINDINGS
2021 IMPACT
Leading airlines file for Chapter 11 Bankruptcy and undergo significant restructuring due to impacts from COVID-19
Development in air connectivity and new Tourism Law help boost the industry
RECOVERY AND OPPORTUNITIES
New players in the country set to stimulate competition
Private air mobility company Flapper introduces a new business model in Colombia
CATEGORY DATA
Table 27 Airlines Sales: Value 2016-2021
Table 28 Airlines Online Sales: Value 2016-2021
Table 29 Airlines: Passengers Carried 2016-2021
Table 30 Airlines NBO Company Shares: % Value 2016-2020
Table 31 Charter Airlines Brands by Key Performance Indicators 2021
Table 32 Low Cost Carriers Airlines Brands by Key Performance Indicators 2021
Table 33 Scheduled Airlines Brands by Key Performance Indicators 2021
Table 34 Forecast Airlines Sales: Value 2021-2026
Table 35 Forecast Airlines Online Sales: Value 2021-2026
Car Rental (Destination) in Colombia
KEY DATA FINDINGS
2021 IMPACT
Car rentals continue to gain in popularity, with an emerging trend for electric vehicles
People’s avoidance of public transport for fear of contagion helps boost rentals, with online platforms seeing strong gains
RECOVERY AND OPPORTUNITIES
Bancolombia and Grupo Éxito enter the car rental business with new Autos Éxito service
Car sharing expected to gain further ground over the forecast period
CATEGORY DATA
Table 36 Car Rental Sales: Value 2016-2021
Table 37 Car Rental Online Sales: Value 2016-2021
Table 38 Structure of Car Rental Market 2016-2021
Table 39 Car Rental NBO Company Shares: % Value 2016-2020
Table 40 Car Rental Brands by Key Performance Indicators 2021
Table 41 Forecast Car Rental Sales: Value 2021-2026
Table 42 Forecast Car Rental Online Sales: Value 2021-2026
Lodging in Colombia
KEY DATA FINDINGS
2021 IMPACT
City hotels reposition their offerings, whilst the PAEF provides subsidies to lower layoff rates
Technological infrastructures become as important of physical structures
RECOVERY AND OPPORTUNITIES
Alternative accommodation models expected to become more popular over the forecast period
Hotels capable of acting as “hospitals” for medium care patients during the time of the pandemic
CATEGORY DATA
Table 43 Lodging Sales: Value 2016-2021
Table 44 Lodging Online Sales: Value 2016-2021
Table 45 Hotels Sales: Value 2016-2021
Table 46 Hotels Online Sales: Value 2016-2021
Table 47 Other Lodging Sales: Value 2016-2021
Table 48 Other Lodging Online Sales: Value 2016-2021
Table 49 Lodging Outlets: Units 2016-2021
Table 50 Lodging: Number of Rooms 2016-2021
Table 51 Lodging by Incoming vs Domestic: % Value 2016-2021
Table 52 Hotels NBO Company Shares: % Value 2016-2020
Table 53 Hotel Brands by Key Performance Indicators 2021
Table 54 Forecast Lodging Sales: Value 2021-2026
Table 55 Forecast Lodging Online Sales: Value 2021-2026
Table 56 Forecast Hotels Sales: Value 2021-2026
Table 57 Forecast Hotels Online Sales: Value 2021-2026
Table 58 Forecast Other Lodging Sales: Value 2021-2026
Table 59 Forecast Other Lodging Online Sales: Value 2021-2026
Table 60 Forecast Lodging Outlets: Units 2021-2026
Online Travel and Intermediaries in Colombia
KEY DATA FINDINGS
2021 IMPACT
Significant acceleration towards online and digitised tools stimulates development growth
New Tourism Law set to extend regulations to online platforms and Airbnb, to ensure all operators play by the same rules
RECOVERY AND OPPORTUNITIES
Grupo Aviatur launches Avianet Hotels platform in attempt to bolster recovery from losses seen due to the pandemic
Crucial for online players to keep ahead of technological developments
CATEGORY DATA
Table 61 Travel Intermediaries Sales: Value 2016-2021
Table 62 Intermediaries Corporate Business Online Sales: Value 2016-2021
Table 63 Intermediaries Leisure Online Sales: Value 2016-2021
Table 64 Travel Intermediaries NBO Company Shares: % Value 2016-2021
Table 65 Online Travel Sales to Residents: Value 2016-2021
Table 66 Total Mobile Travel Sales to Residents: Value 2016-2021
Table 67 Forecast Travel Intermediaries Sales: Value 2021-2026
Table 68 Forecast Intermediaries Corporate Business Online Sales: Value 2021-2026
Table 69 Forecast Intermediaries Leisure Online Sales: Value 2021-2026
Table 70 Forecast Online Travel Sales to Residents: Value 2021-2026
Table 71 Forecast Total Mobile Travel Sales to Residents: Value 2021-2026