Skip to main content
  1. Market Insights
  2. Mobility

Travel & Tourism - Chile

Chile
  • Chile is expected to witness a significant revenue growth in the Travel & Tourism market.
  • By 2024, the projected revenue for this market is US$3.00bn, and it is projected to increase at an annual growth rate of 5.26% until 2029, resulting in a market volume of US$3.87bn.
  • The largest market is the Package Holidays market, with a projected market volume of US$1.24bn by 2024.
  • The number of users in the Package Holidays market is expected to reach 7.79m users by 2029, while the user penetration is projected to increase from 49.3% in 2024 to 61.6% in 2029.
  • The average revenue per user (ARPU) is expected to be US$309.20.
  • In terms of online sales, it is projected that 80% of total revenue in the Travel & Tourism market will be generated through online sales by 2029.
  • Furthermore, among different countries, United States is expected to generate the most revenue in this market, amounting to US$214bn in 2024.
  • Chile's Travel & Tourism industry is focusing on sustainable tourism practices to attract environmentally conscious travelers.

Definition:

The Travel & Tourism market encompasses a diverse range of accommodation services catering to the needs and preferences of travelers. This dynamic market includes package holidays, hotel accommodations, private vacation rentals, camping experiences, and cruises.

Structure:

The market consists of five further markets.

  • The Cruises market covers multi-day vacation trips on a cruise ship. The Cruises market encompasses exclusively passenger ticket revenues.
  • The Vacation Rentals market comprises of private accommodation bookings which includes private holiday homes and houses as well as short-term rental of private rooms or flats.
  • The Hotels market includes stays in hotels and professionally run guest houses.
  • The Package Holidays market comprises of travel deals that normally contain travel and accommodation sold for one price, although optional further provisions can be included such as catering and tourist services.
  • The Camping market includes bookings at camping sites for pitches using tents, campervans, or trailers. These can be associated with big chains or privately managed campsites.

Additional Information:

The main performance indicators of the Travel & Tourism market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. Users represent the aggregated number of guests. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

Prominent players in this sector include online travel agencies (OTAs) like Expedia and Opodo, as well as tour operators such as TUI. Specialized platforms like Hotels.com, Booking.com, and Airbnb facilitate the online booking of hotels and private accommodations, contributing significantly to the market's vibrancy.

For further information on the data displayed, refer to the info button right next to each box.

In-Scope

  • Bookings directly via the website of the service provider, travel agencies, online travel agencies (OTAs) or telephone

Out-Of-Scope

  • Business trips
  • Other forms of trips (e.g. excursions, etc.)
Travel & Tourism: market data & analysis - Cover

Market Insights report

Travel & Tourism: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Travel & Tourism market in Chile has been experiencing significant growth and development in recent years.

    Customer preferences:
    Travelers in Chile are increasingly seeking unique and authentic experiences, moving away from traditional tourist hotspots to explore off-the-beaten-path destinations. There is a growing interest in sustainable and eco-friendly tourism practices, with a focus on preserving the natural beauty of the country.

    Trends in the market:
    One notable trend in the Chilean Travel & Tourism market is the rise of adventure tourism. The country's diverse geography, which includes the Andes Mountains, deserts, and coastline, offers ample opportunities for activities such as hiking, skiing, surfing, and wildlife watching. This trend has attracted thrill-seeking travelers looking for adrenaline-pumping experiences in stunning natural settings.

    Local special circumstances:
    Chile's unique geographical features, such as the Atacama Desert, Easter Island, and Patagonia, set it apart as a prime destination for travelers seeking diverse and unforgettable experiences. The country's rich cultural heritage, vibrant cities, and welcoming locals also contribute to its appeal as a top travel destination in South America.

    Underlying macroeconomic factors:
    The stable political environment and growing economy in Chile have played a significant role in driving the growth of the Travel & Tourism market. Increasing disposable incomes and a rising middle class have made travel more accessible to a larger segment of the population. Additionally, government initiatives to promote tourism and improve infrastructure have further boosted the sector's development.

    Users

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Travel Behavior

    Most recent update: Jul 2024

    Source: Statista Market Insights

    User Demographics

    Most recent update: Mar 2024

    Sources: Statista Market Insights, Statista Consumer Insights Global

    Destination Shares

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of hotels, vacation rentals, cruises, package holidays, and camping.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, the Global Consumer Survey, third-party studies and reports, data from industry associations (e.g., UNWTO), and price data of major players in respective markets. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as country-related GDP, demographic data (e.g., population), tourism spending, consumer spending, internet penetration, and device penetration. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, and exponential trend smoothing methods are applied. A k-means cluster analysis allows for the estimation of similar countries. The main drivers are tourism GDP per capita and respective price indices.

    Additional notes:

    The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

    Mobility

    Access more Market Insights on Mobility topics with our featured report

    Travel & Tourism: market data & analysis - BackgroundTravel & Tourism: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Global business travel - statistics & facts

    Business or corporate travel is the tourism segment that focuses on people who travel for work or professional purposes and the related tourism services. This branch also includes the meetings industry, which refers to business events, conferences, congresses, trade fairs, and exhibitions. According to the World Travel and Tourism Council (WTTC), business travel accounted for 20 percent of the global tourism expenditure in 2021. In that year, it was estimated that business travelers spent more than 740 billion U.S. dollars worldwide, with Chinese tourists topping the ranking of the biggest business travel spenders.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.