Summary
There are several adventure destinations in Chile that attract tourists from across the world. Moreover, the depreciating Chilean Peso drives international tourism in the country; in 2016, international arrivals increased on a 23.2% y-o-y basis, from 4.5 million in 2015 to 5.5 million in 2016. The increase is mainly due to efforts in international marketing by the Chilean Government. The rising number of airlines worldwide with routes to Chile also supports growth. International arrivals in the country increased at a CAGR of 11.6% over the review period (2012-2016), whilst domestic trips increased at a CAGR of 6.2% over the same period. Leisure was the primary purpose for domestic tourism.
In the passenger airlines segment, the number of seats available and sold increased at a CAGR of 5.4% and 5.5% respectively over 2012-16, owing to the increase in air travel demand.
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Key Highlights
Increasing domestic trips to drive tourist volumes
Total tourist volumes in Chile increased at CAGR of 6.9%, from 26.9 million in 2012 to 35.1 million in 2016. This volume is further forecast to increase at a CAGR of 7.0%, from 37.7 million in 2017 to 49.4 million 2021, owing to rising tourist volumes from international arrivals, mainly for leisure activities. Chile’s depreciating local currency against the US Dollar encourages domestic trips over outbound ones, along with enticing people from other nationalities to visit Chile. This led to a rise in domestic tourist volumes, which increased at a CAGR of 6.2% over 2012-16, from 20.5 million in 2012 to 26.0 million in 2016, and are further forecast to increase at CAGR of 7.0%, from 28.0 million in 2017 to 36.7 million in 2021. Moreover, in 2016, land was the primary mode of travel in Chile, accounting for 91.4% of the total domestic trips.
Increasing internet usage to drive online channels revenue
Total revenue for travel intermediaries increased at a CAGR of 5.9%, from US$7.2 billion in 2012 to US$9.0 billion in 2016, and is forecast to further increase at a CAGR of 13.8% to reach US$16.8 billion by 2021. In 2016, revenue from leisure accounted for approximately 75.5% of the total travel intermediaries’ revenue, showcasing a rise in spending by travelers on leisure activities. This trend is expected to continue over the forecast period.
Increasing investments from international brands to drive growth in the hotel segment
Though total hotel revenue declined at a CAGR of -3.7%, from US$869.1 million in 2012 to US$746.9 million in 2016, it is forecast to increase at a CAGR of 4.0% to reach US$904.1 million by 2021. Rising domestic and international tourism will support growth in hotel revenue over the forecast period. Upscale hotel’s revenue contributed the most towards total hotel revenue over 2012-16, and is likely to continue this trend over 2017-21. Rising investments from international brands in Chile will support the hotel segment’s growth.
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Scope
- Risk & Reward Index - The Risk & Reward index compares the position of the Chilean travel and tourism industry with regards to other countries in the region in terms of specific risk and reward parameters.
- Industry Snapshot and Industry View - Key travel and tourism industry statistics including, total revenue and expenditure for key industry segments and the trends driving market performance in the Chilean travel and tourism market.
- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the Chilean travel and tourism market.
- Industry Benchmarking - Benchmark how the Chilean travel and tourism market is performing compared to regional and global markets in terms of car rental fleet size, car rental revenue, number of hotels, hotel revenue, passenger airline revenue, seats available and seats sold, revenue of travel intermediaries and tourism expenditure growth.
- Competitive Landscape - Overview of relevant players in the Chilean travel and tourism industry such as airlines, hotels and car rental companies, with each player in the relevant category compared with its peers in terms of relevant industry indicators.
Access Complete Report: http://orbisresearch.com/reports/index/chile-travel-and-tourism-increasing-air-connectivity-and-government-promotional-efforts-to-drive-growth-strategy-performance-and-risk-analysis .
Reasons to buy
- How is the market performing in terms of indicators such as total tourist visits, passenger airline seats sold, seats sold by purpose of visit such as leisure, revenue, room nights available, room nights occupied, hotel revenue, car rental days among others.
- How risky is it to invest in the Chilean travel and tourism industry compared to other countries in the South and Central America?
- What is driving the performance of key industry segments such as passenger airlines, accommodation and car rentals?
- Who are the leading players in the Chilean travel and tourism industry and their overview and product portfolio?
- What trends are being witnessed within the Chilean travel and tourism industry?
- What are the Chilean travel and tourism industry’s Strengths and Weaknesses and what Opportunities and Threats does it face?
- What are the recent developments and innovations in the Chilean travel and tourism industry?
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SummaryChina is one of the fastest growing economies in the world with a nominal GDP of US$11,271 billion in 2016, posting a CAGR of 7.1% over the review period (2012-2016) from US$8,570.5 billion in 2012.
It is expected to grow at a CAGR of 6.0% over the forecast period (2017-2021) to reach US$15,057 billion by 2021, supported by an anticipated increase in exports.
Moreover, the sheer size of its population offers a huge market, which makes it an attractive business destination.MarketLine Premium’s industry reports provide a comprehensive market view including sections on: risk and reward, key industry trends and drivers, industry SWOT analysis, industry benchmarking to compare key performance indicators with regional and global markets, competitive landscape, industry innovation, deals and key developments.Get Sample for this report: http://orbisresearch.com/contacts/request-sample/2046701 .Key HighlightsRegional markets to foster revenue growthTotal revenue from passenger airlines increased at a CAGR of 9.1% over the review period, reaching US$73.8 billion in 2016, and is forecast to increase at a CAGR of 13.4% from US$82.2 billion in 2017 to reach US$135.8 billion by 2021.
However, none of these are in the top 10 when only international passengers are taken into account, demonstrating the extent of dependence on domestic and regional markets, including Hong Kong, Macau, and Taiwan.China recorded the largest car rental fleet size in Asia-PacificChina is the largest car rental market in the Asia-Pacific region in terms of both market value and size.
Growth in the Chinese car rental market is led by competitive pricing strategies through dynamic pricing and promotions.
In the second half of 2016, CAR Inc. conducted a more aggressive pricing strategy, which increased its rental days by over 40.0% y-o-y.Purchase for this report: http://orbisresearch.com/contact/purchase/2046701 .Scope- Risk & Reward Index - This compares the lucrativeness of the Chinese travel and tourism industry with regards to other countries in the region in terms of specific risk and reward parameters.- Industry Snapshot and Industry View - Key travel and tourism industry statistics, including total revenue and expenditure for key industry segments and the trends driving market performance in the Chinese travel and tourism market.- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance as well as investments in the Chinese travel and tourism market.- Industry Benchmarking - Benchmark how the Chinese travel and toursism market is performing compared to regional and global markets in terms of car rental fleet size, car rental revenue, number of hotels, hotel revenue, passenger airline revenue, seats available and seats sold, revenue of travel intermediaries and tourism expenditure growth.- Competitive Landscape - Overview of relevant players in the Chinese travel and tourism industry such as airlines, hotels and car rental companies, with each player in the relevant category compared with its peers in terms of relevant industry indicators.Access Complete Report: http://orbisresearch.com/reports/index/china-travel-and-tourism-leisure-and-business-activity-driven-market-strategy-performance-and-risk-analysis .Reasons to buy- How is the market performing in terms of indicators such as total tourist visits, passenger airline seats sold, seats sold by purpose of visit such as leisure, revenue, room nights available, room nights occupied, hotel revenue, car rental days among others.- How risky is it to invest in the Chinese travel and tourism industry compared to other countries in the Asia-Pacific?- What is driving the performance of key industry segments such as passenger airlines, accommodation and car rentals?- Who are the leading players in the Chinese travel and tourism industry and their overview and product portfolio?- What trends are being witnessed within the Chinese travel and tourism industry?- What are the Chinese travel and tourism industry’s Strengths and Weaknesses and what Opportunities and Threats does it face?- What are the recent developments and innovations in the Chinese travel and tourism industry?About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
Global Client Virtualization Market Research Report, By Virtualization Type (Desktop, Application, Presentation Virtualization), by Organization Size (SMEs, Large Enterprise) and Industry Vertical (IT & Telecom, BFSI, Government, Retail, Education) - Forecast till 2023Market Highlights:The global client virtualization market is also segmented based on virtualization type, organization size, and industry vertical.By virtualization type, the market has been segmented into desktop virtualization, application virtualization, and presentation virtualization.
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Large enterprises segment is expected to hold a larger share than SMEs while SMEs segment is expected to grow with the higher CAGR during the forecast period.Based on industry vertical, the market has been segmented into banking, financial services, and insurance (BFSI), government & public sector, healthcare, IT & telecom, manufacturing, retail, education, and others.
IT & Telecom is expected to be the largest contributor whereas BFSI industry vertical is expected to grow with the highest CAGR from 2018 to 2023.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7695Regional Analysis:A geographical analysis of the global client virtualization market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.The North American market is segmented into the US, Canada, and Mexico.
The regional market is expected to be the largest contributor to the client virtualization market during the forecast period.
The region has been further segmented into the UK, Germany, France, and the rest of Europe.
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