Travel and Tourism in Chile to 2017

Published: Jan, 2014 | Pages: 113 | Publisher: Timetric
Industry: Travel Services | Report Format: Electronic (PDF)

Synopsis
The report provides detailed market analysis, information and insights, including:
Historic and forecast tourist volumes covering the entire Chilean travel and tourism sector
Detailed analysis of tourist spending patterns in Chile for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transport, retail, travel intermediaries, and others
Detailed market classification across each category, with analysis using similar metrics
Detailed analysis of the airline, hotel, car rental and travel intermediaries industries.

Summary
Inbound and domestic tourist volumes in Chile increased during the review period (2008-2012) at respective compound annual growth rates (CAGRs) of 2.73% and 7.16%, despite the slowdown in 2009. Growth is expected to continue over the forecast period (2013-2017), supported by the government's promotional efforts, improving air connectivity and improving economic conditions.
Scope
This report provides an extensive analysis related to the tourism demands and flows in Chile:
It details historical values for the Chilean tourism sector for 2008-2012, along with forecast figures for 2013-2017
It provides comprehensive analysis of the travel and tourism demand factors with values for both the 2008-2012 review period and the 2013-2017 forecast period
The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Chile.
It provides comprehensive analysis of the trends in airline, hotel, car rental and travel intermediaries industry with values for both the 2008-2012 review period and the 2013-2017 forecast period
Reason To Buy
Take strategic business decisions using historic and forecast market data related to the Chilean travel and tourism sector.
Understand the demand-side dynamics within the Chilean travel and tourism sector, along with key market trends and growth opportunities.
Key Highlights
A US$31 million loan aimed at improving the Chilean tourism sector's competitiveness was approved by the Inter-American Development Bankin January 2010. The program's focus areas include three regions: Norte Grande, the south, and the Patagonia/Tierra del Fuego region. Infrastructure improvements contained in the development program include highway improvements, the implementation of interpretive and scenic trails, visitor centers, shelters, campgrounds and marinas, as well as infrastructure and equipment for trekking, horse riding and cycling. The bank expects average tourist stays in Chile to increase from 0.56 days in 2010 to 3.66 days in 2021. Average daily spending is also expected to rise from US$53 in 2010 to US$190 by 2021.
Chile is a popular wine tourism destination. According to the Colchagua Valley Wineries Association, which has 12 members, the number of visitors to the valley in 2012 reached 150,000; this was expected to increase by 10% in 2013 as projected by the association in May 2013. An average expenditure of US$250 by Chilean tourists and US$300 by foreign tourists was recorded in 2012. Growth in the region, which was badly affected by the February 2010 earthquake, has been fuelled by the collective efforts of the Colchagua Valley Wine Route, the Colchagua Valley Wineries Association, and the regional office of the National Tourism Service.
Domestic tourism plays an important role in the country's tourism sector, accounting for a higher share of total tourism arrivals and expenditure than inbound tourism. Recognizing its strength, the Chilean government has launched several promotions and campaigns in order to promote domestic tourism. SERNATUR's tourism campaign, "Chile es Tuyo" ("Chile is Yours"), is designed to further increase domestic travel in the country, an area whose rapid growth is evidenced by the fact that domestic tourist flows increased by 19.2% in 2011. Costa Maulina was the most popular regional destination for domestic tourists, with the region reporting an average room occupancy rate of 80% during this period.
The casino industry in Chile is emerging and provides the country with a major boost to inbound tourism, especially from key source countries in the Americas. In 2011, there were around 18 government-authorized casinos operating in Chile with an obligation to pay a 20% special tax on gross income. Antofagasta, San Antonio, Santa Cruz, Talcahuano, Valdivia, Osorno, and Punta Arenas are popular casino areas. In 2012, two new casinos opened in Coyhaique and Castro.
Healthy growth in outbound tourism was driven by positive economic conditions. In 2011, the country's unemployment rate reached 6.4%, the lowest level in six years, and GDP grew by 7.5%, providing people with more disposable income.
The domestic market is dominated by LAN Airlines (LAN), which accounted for more than 70% of passengers carried in 2012. In order to expand its operations, LAN acquired Brazilian airline TAM in 2012. The merger, named LATAM, subsequently became the second-largest airline in the world in terms of revenue in 2012, with total revenue of US$9.72 billion. In order to meet the growing demand for air travel, the company added six Airbus 320s, four Boeing 767-300s, two Boeing 777-300ERs and two Boeing 787-800 passenger aircraft, and one Boeing 777 freighter to its fleet.
As the economic hub of the country, Santiago has been targeted by many international brands such as Starwood Hotels & Resorts Worldwide, InterContinental Hotels Group and Hyatt Hotels to set up establishments and target international business travelers.
In 2012, Arriendas, a peer-to-peer car rental website, was launched in Chile, allowing individual car owners in the country to rent their cars to tourists and other Chilean residents. As of August 2013, more than 200 private cars were registered with the company. From June 2013, the Chilean government, with the aim of promoting entrepreneurship, also allowed car owners to take out BCI Insurance when they registered on the website.
The growing popularity of wine tourism in the country holds significant opportunities for travel intermediaries. According to the Colchagua Valley Wineries Association of Chile, approximately 150,000 tourists visited the Colchagua Valley in 2012. This number was expected to grow by 10% in 2013, according to the association's estimates in May 2013. Travel management companies such as Southamericaski.com have included the Casablanca, Cachapoal, Colchagua, Aconcagua, Maule, and Curico wine regions into its offerings, alongside multilingual guides and adequate transportation facilities.

 1 Executive Summary
2 Market Overview
2.1 The Domestic Economy
2.2 Travel and Tourism Trends and Issues
2.3 Tourism SWOT
2.3.1 Strengths
2.3.2 Weaknesses
2.3.3 Opportunities
2.3.4 Threats
2.4 Country Fact Sheet
2.5 Demographic Profile
3 Tourism Flows
3.1 Domestic Tourism
3.1.1 Performance outlook
3.1.2 Key issues and trends
3.2 Inbound Tourism
3.2.1 Performance outlook
3.2.2 Key issues and trends
3.3 Outbound Tourism
3.3.1 Performance outlook
3.3.2 Key issues and trends
3.4 Tourism Flows Forecast Highlights
4 Airlines
4.1 Performance Outlook
4.2 Key Issues and Trends
4.3 Airlines Forecast Highlights
5 Hotels
5.1 Performance Outlook
5.2 Key Issues and Trends
5.3 Hotels Forecast Highlights
6 Car Rental
6.1 Performance Outlook
6.2 Key Issues and Trends
6.3 Car Rental Forecast Highlights
7 Travel Intermediaries
7.1 Performance Outlook
7.2 Key Issues and Trends
7.3 Travel Intermediaries Forecast Highlights
8 Tourism Board Profile
8.1 Tourism Board me
8.2 Tourist Board Description
8.3 Target Market
9 Airport Profiles
9.1 Chile Airports
9.1.1 Overview
9.1.2 Operator profile
9.1.3 Routes
10 Company Profiles - Airlines
10.1 Company Profile: LATAM Airlines Group SA
10.1.1 LATAM Airlines Group SA - company overview
10.1.2 LATAM Airlines Group SA - business description
10.1.3 LATAM Airlines Group SA - main services
10.1.4 LATAM Airlines Group SA - history
10.1.5 LATAM Airlines Group SA - SWOT alysis
10.1.6 LATAM Airlines Group SA - strengths
10.1.7 LATAM Airlines Group SA - weaknesses
10.1.8 LATAM Airlines Group SA - opportunities
10.1.9 LATAM Airlines Group SA - threats
10.1.10 LATAM Airlines Group SA - key competitors
10.1.11 LATAM Airlines Group SA - key employees
10.2 Company Profile: Aerovias Dap
10.2.1 Aerovias Dap - company overview
10.2.2 Aerovias Dap - main services
10.2.3 Aerovias Dap - key competitors
10.2.4 Aerovias Dap - key employees
10.3 Company Profile: Aerocardal
10.3.1 Aerocardal - company overview
10.3.2 Aerocardal - main services
10.3.3 Aerocardal - key competitors
10.3.4 Aerocardal - key employees
10.4 Company Profile: PAL Airlines
10.4.1 PAL Airlines - company overview
10.4.2 PAL Airlines - main services
10.4.3 PAL Airlines - key competitors
10.4.4 PAL Airlines - key employees
10.5 Company Profile: Sky Airline SA
10.5.1 Sky Airline SA - company overview
10.5.2 Sky Airline SA - main services
10.5.3 Sky Airline SA - key competitors
10.5.4 Sky Airline SA - key employees
11 Company Profiles - Hotels
11.1 Company Profile: The Ritz-Carlton, Chile
11.1.1 The Ritz-Carlton, Chile - company overview
11.1.2 The Ritz-Carlton, Chile - main services
11.1.3 The Ritz-Carlton, Chile - key competitors
11.1.4 The Ritz-Carlton, Chile - key employees
11.2 Company Profile: Grand Hyatt Santiago
11.2.1 Grand Hyatt Santiago - company overview
11.2.2 Grand Hyatt Santiago - main services
11.2.3 Grand Hyatt Santiago - key competitors
11.2.4 Grand Hyatt Santiago - key employees
11.3 Company Profile: W Hotels Chile
11.3.1 W Hotels Chile - company overview
11.3.2 W Hotels Chile - main services
11.3.3 W Hotels Chile - key competitors
11.3.4 W Hotels Chile - key employees
11.4 Company Profile: InterContinental Hotels Chile
11.4.1 InterContinental Hotels Chile - company overview
11.4.2 InterContinental Hotels Chile - main services
11.4.3 InterContinental Hotels Chile - key competitors
11.4.4 InterContinental Hotels Chile - key employees
11.5 Company Profile: Radisson Hotels Chile
11.5.1 Radisson Hotels Chile - company overview
11.5.2 Radisson Hotels Chile - main services
11.5.3 Radisson Hotels Chile - key competitors
11.5.4 Radisson Hotels Chile - key employees
12 Company Profiles - Car Rental
12.1 Company Profile: Budget Rent a Car Chile
12.1.1 Budget Rent a Car Chile - company overview
12.1.2 Budget Rent a Car Chile - main services
12.1.3 Budget Rent a Car Chile - key competitors
12.1.4 Budget Rent a Car Chile - key employees
12.2 Company Profile: Europcar Chile
12.2.1 Europcar Chile - company overview
12.2.2 Europcar Chile - main services
12.2.3 Europcar Chile - key competitors
12.2.4 Europcar Chile - key employees
12.3 Company Profile: Hertz Car Rental Chile
12.3.1 Hertz Car Rental Chile - company overview
12.3.2 Hertz Car Rental Chile - main services
12.3.3 Hertz Car Rental Chile - key competitors
12.3.4 Hertz Car Rental Chile - key employees
12.4 Company Profile: Avis Rent a Car Chile
12.4.1 Avis Rent a Car Chile - company overview
12.4.2 Avis Rent a Car Chile - main services
12.4.3 Avis Rent a Car Chile - key competitors
12.4.4 Avis Rent a Car Chile - key employees
12.5 Company Profile: tiol Car Rental Chile
12.5.1 tiol Car Rental Chile - company overview
12.5.2 tiol Car Rental Chile - main services
12.5.3 tiol Car Rental Chile - key competitors
12.5.4 tiol Car Rental Chile - key employees
13 Company Profiles - Travel Intermediaries
13.1 Company Profile: Fantastic 4 Travel SRL
13.1.1 Fantastic 4 Travel SRL - company overview
13.1.2 Fantastic 4 Travel SRL - main services
13.1.3 Fantastic 4 Travel SRL - key competitors
13.2 Company Profile: Cascada Expediciones
13.2.1 Cascada Expediciones - company overview
13.2.2 Cascada Expediciones - main services
13.2.3 Cascada Expediciones - key competitors
13.2.4 Cascada Expediciones - key employees
13.3 Company Profile: Amity Tours Chile
13.3.1 Amity Tours Chile - company overview
13.3.2 Amity Tours Chile - main services
13.3.3 Amity Tours Chile - key competitors
13.3.4 Amity Tours Chile - key employee
13.4 Company Profile: Protours Chile
13.4.1 Protours Chile - company overview
13.4.2 Protours Chile - main services
13.4.3 Protours Chile - key competitors
13.4.4 Protours Chile - key employee
13.5 Company Profile: VisitChile.com
13.5.1 VisitChile.com - company overview
13.5.2 VisitChile.com - main services
13.5.3 VisitChile.com - key competitors
14 Market Data Alysis
14.1 Domestic Tourism
14.1.1 Number of trips and overnight stays
14.1.2 Number of overnight stays
14.1.3 Total domestic tourist expenditure
14.1.4 Average expenditure per domestic tourist by category
14.2 Inbound Tourism
14.2.1 Intertiol arrivals by region
14.2.2 Intertiol arrivals by purpose of visit
14.2.3 Total inbound tourism expenditure by category
14.2.4 Average intertiol tourist expenditure by category
14.3 Outbound Tourism Flows
14.3.1 Intertiol departures by region
14.3.2 Intertiol departures by purpose of visit
14.3.3 Number of overnight stays
14.3.4 Total outbound tourism expenditure by category
14.3.5 Average overseas expenditure per resident by category
14.4 Airlines
14.4.1 Seats available
14.4.2 Number of seats sold by passenger type
14.4.3 Load factor
14.4.4 Passenger kilometers available
14.4.5 Revenue-generating passenger kilometers
14.4.6 Revenue per passenger
14.4.7 Total airlines revenue
14.5 Hotels
14.5.1 Hotel establishments
14.5.2 Available rooms
14.5.3 Room occupancy rate
14.5.4 Room nights available
14.5.5 Room nights occupied
14.5.6 Average revenue per available room
14.5.7 Revenue per occupied room
14.5.8 Total revenue per available room
14.5.9 Total hotel revenue
14.5.10 Guests by customer type
14.6 Car Rentals
14.6.1 Market value by customer type
14.6.2 Fleet size
14.6.3 Rental occasions
14.6.4 Rental length
14.6.5 Average rental length
14.6.6 Utilization rate
14.6.7 Average revenue per day
14.7 Travel Intermediaries
14.7.1 Market value by product type
14.7.2 Travel intermediaries market value by channel
14.7.3 Travel intermediaries market value by destition
14.7.4 Travel intermediaries market value by customer type
15 Appendix
15.1 What is this Report About?
15.2 Definitions
15.3 Methodology
15.4 Contact Timetric
15.5 About Timetric
15.6 Timetric's Services
15.7 Disclaimer


List of Tables
Table 1: Chile - Tourist Arrivals from Top 10 Countries (Thousand), 2008-2017
Table 2: Chile - Tourist Departures to Top 10 Countries (Thousand), 2008-2017
Table 3: Servicio ciol de Turism, Key Facts and Locations
Table 4: Santiago Intertiol Airport - Overview
Table 5: Cerro Moreno Intertiol Airport - Overview
Table 6: El Tepual Intertiol Airport - Overview
Table 7: Diego Arace Intertiol Airport - Overview
Table 8: Presidente Carlos Ibanez del Campo Intertiol Airport - Overview
Table 9: LATAM Airlines Group SA, Key Facts
Table 10: LATAM Airlines Group SA, Main Services
Table 11: LATAM Airlines Group SA, History
Table 12: LATAM Airlines Group SA, Key Employees
Table 13: Aerovias Dap, Key Facts
Table 14: Aerovias Dap, Main Services
Table 15: Aerovias Dap, Key Employees
Table 16: Aerocardal, Key Facts
Table 17: Aerocardal, Main Services
Table 18: Aerocardal, Key Employees
Table 19: PAL Airlines, Key Facts
Table 20: PAL Airlines, Main Services
Table 21: PAL Airlines, Key Employees
Table 22: Sky Airline SA, Key Facts
Table 23: Sky Airline SA, Main Services
Table 24: Sky Airline SA, Key Employees
Table 25: The Ritz-Carlton, Chile, Key Facts
Table 26: The Ritz-Carlton, Chile, Main Services
Table 27: The Ritz-Carlton, Chile, Key Employees
Table 28: Grand Hyatt Santiago, Key Facts
Table 29: Grand Hyatt Santiago, Main Services
Table 30: Grand Hyatt Santiago, Key Employees
Table 31: W Hotels Chile, Key Facts
Table 32: W Hotels Chile, Main Services
Table 33: W Hotels Chile, Key Employees
Table 34: InterContinental Hotels Chile, Key Facts
Table 35: InterContinental Hotels Chile, Main Services
Table 36: InterContinental Hotels Chile, Key Employees
Table 37: Radisson Hotels Chile, Key Facts
Table 38: Radisson Hotels Chile, Main Services
Table 39: Radisson Hotels Chile, Key Employees
Table 40: Budget Rent a Car Chile, Key Facts
Table 41: Budget Rent a Car Chile, Main Services
Table 42: Budget Rent a Car Chile, Key Employees
Table 43: Europcar Chile, Key Facts
Table 44: Europcar Chile, Main Services
Table 45: Europcar Chile, Key Employees
Table 46: Hertz Car Rental Chile, Key Facts
Table 47: Hertz Car Rental Chile, Main Services
Table 48: Hertz Car Rental Chile, Key Employees
Table 49: Avis Rent a Car Chile, Key Facts
Table 50: Avis Rent a Car Chile, Main Services
Table 51: Avis Rent a Car Chile, Key Employees
Table 52: tiol Car Rental Chile, Key Facts
Table 53: tiol Car Rental Chile, Main Services
Table 54: tiol Car Rental Chile, Key Employees
Table 55: Fantastic 4 Travel SRL, Key Facts
Table 56: Fantastic 4 Travel SRL, Main Services
Table 57: Cascada Expediciones, Key Facts
Table 58: Cascada Expediciones, Main Services
Table 59: Cascada Expediciones, Key Employees
Table 60: Amity Tours Chile, Key Facts
Table 61: Amity Tours Chile, Main Services
Table 62: Amity Tours Chile, Key Employees
Table 63: Protours Chile, Key Facts
Table 64: Protours Chile, Main Services
Table 65: Protours Chile, Key Employee
Table 66: VisitChile.com, Key Facts
Table 67: VisitChile.com, Main Services
Table 68: Chile - Number of Trips by Purpose (Thousand), 2008-2017
Table 69: Chile - Number of Overnight Stays (Million), 2008-2017
Table 70: Chile - Total Domestic Tourism Expenditure (CLP Billion), 2008-2017
Table 71: Chile - Average Expenditure per Domestic Tourist by Category (CLP Thousand), 2008-2017
Table 72: Chile - Intertiol Arrivals by Region (Thousand), 2008-2017
Table 73: Chile - Intertiol Arrivals by Purpose of Visit (Thousand), 2008-2017
Table 74: Chile - Total Inbound Tourism Expenditure by Category (CLP Billion), 2008-2017
Table 75: Chile - Average Expenditure per Inbound Tourist by Category (CLP Thousand), 2008-2017
Table 76: Chile - Intertiol Departures by Region (Thousand), 2008-2017
Table 77: Chile - Intertiol Departures by Purpose of Visit (Thousand), 2008-2017
Table 78: Chile - Overnight Stays (Million), 2008-2017
Table 79: Chile - Total Outbound Tourism Expenditure by Category (CLP Billion), 2008-2017
Table 80: Chile - Average Outbound Expenditure per Resident by Category (CLP Thousand), 2008-2017
Table 81: Chile - Number of Seats Available (Million), 2008-2017
Table 82: Chile - Number of Seats Sold by Passenger Type (Thousand), 2008-2017
Table 83: Chile - Load Factor (%), 2008-2017
Table 84: Chile - Number of Passenger Kilometers Available (Million), 2008-2017
Table 85: Chile - Number of Revenue-Generating Passenger Kilometers (Million), 2008-2017
Table 86: Chile - Revenue per Passenger (CLP), 2008-2017
Table 87: Chile - Total Revenue (CLP Billion), 2008-2017
Table 88: Chile - Hotel Establishments (Actual), 2008-2017
Table 89: Chile - Available Hotel Rooms (Actual), 2008-2017
Table 90: Chile - Hotel Room Occupancy Rate (%), 2008-2017
Table 91: Chile - Room Nights Available (Million), 2008-2017
Table 92: Chile - Room Nights Occupied (Million), 2008-2017
Table 93: Chile - Average Revenue per Available Room (CLP Thousand), 2008-2017
Table 94: Chile - Average Revenue per Occupied Room (CLP Thousand), 2008-2017
Table 95: Chile - Total Revenue per Available Room (CLP Thousand), 2008-2017
Table 96: Chile - Total Hotel Revenue (CLP Billion), 2008-2017
Table 97: Chile - Guests by Customer Type (Thousand), 2008-2017
Table 98: Chile - Car Rental Market Value by Customer Type (CLP Billion), 2008-2017
Table 99: Chile - Car Rental Fleet Size (Actual), 2008-2017
Table 100: Chile - Car Rental, Rental Occasions (Thousand), 2008-2017
Table 101: Chile - Car Rental, Rental Days (Million), 2008-2017
Table 102: Chile - Car Rental, Average Rental Length (Days), 2008-2017
Table 103: Chile - Car Rental, Market Utilization Rate (%), 2008-2017
Table 104: Chile - Car Rental Average Revenue per Day (CLP Thousand), 2008-2017
Table 105: Chile - Travel Intermediaries Market Value by Product Type (CLP Billion), 2008-2017
Table 106: Chile - Travel Intermediaries Market Value by Channel (CLP Billion), 2008-2017
Table 107: Chile - Travel Intermediaries Market Value by Destition (CLP Billion), 2008-2017
Table 108: Chile - Travel Intermediaries Market Value by Customer Type (CLP Billion), 2008-2017
Table 109: Timetric Travel and Tourism Sector Definitions