ALBANY, New York, July, 27, 2016 – In 2016, the weak local currency in Colombia will increase the preference for domestic trips over outbound travel, states a report newly added by Market Research Hub to its vast database. It is also expected that the weak peso will continue to boost the growing inbound tourism as well. In 2015, international arrivals increased by 16.3%. In June 2016, an agreement was signed to end the 50-year conflict between FARC rebels and the Colombian government. This is predicted to significantly affect international arrivals, predict the report’s authors. These are some of the findings of the report, titled ‘Travel and Tourism in Colombia to 2020’. The research says that travel and tourism in Colombia has been enjoying impressive growth over the past few years – 8.2% in 2013, 7.4% in 2014, and the aforementioned 16.3% in 2015. Consistent improvements in safety for tourists in Colombia have contributed to the consistent growth. The research report also highlights details about international arrivals, international departures, outbound trips, and inbound trips. As per the findings of the report, in 2015, there were approximately 2.3 million international arrivals in Colombia. By 2020, international arrivals are expected to reach 3.2 million, exhibiting a 6.70% CAGR from 2016 to 2020. Browse Full Report on Travel and Tourism in Colombia: http://www.marketresearchhub.com/report/travel-and-tourism-in-colombia-to-2020-report.html

1. ALBANY, New York, July, 27, 2016 – In 2016, the weak local currency in Colombia will
increase the preference for domestic trips over outbound travel, states a report newly added
by Market Research Hub to its vast database. It is also expected that the weak peso will
continue to boost the growing inbound tourism as well. In 2015, international arrivals
increased by 16.3%. In June 2016, an agreement was signed to end the 50-year conflict
between FARC rebels and the Colombian government. This is predicted to significantly
affect international arrivals, predict the report’s authors. These are some of the findings of the
report, titled ‘Travel and Tourism in Colombia to 2020’.
The research says that travel and tourism in Colombia has been enjoying impressive growth
over the past few years – 8.2% in 2013, 7.4% in 2014, and the aforementioned 16.3% in
2015. Consistent improvements in safety for tourists in Colombia have contributed to the
consistent growth. The research report also highlights details about international arrivals,
international departures, outbound trips, and inbound trips. As per the findings of the report,
in 2015, there were approximately 2.3 million international arrivals in Colombia. By 2020,
international arrivals are expected to reach 3.2 million, exhibiting a 6.70% CAGR from 2016
to 2020.
Browse Full Report on Travel and Tourism in Colombia:
http://www.marketresearchhub.com/report/travel-and-tourism-in-colombia-to-2020-
report.html
The research also talks about the rising government support that is boosting the travel and
tourism sector in Colombia. The Colombian government is planning to exempt all foreign
tourists from the sales tax (VAT) of 16% on tourism services. In February 2016, at a tourist
fair, the Colombian President, Juan Manuel, announced that a decree had already been
prepared declaring the exemption for foreign tourists visiting Colombia and for those availing
health tourism packages. This is expected to assist travel and tourism agents in Colombia in
increasing the sale of tourist packages.
The study then focuses on the major factors expected to restrict the growth of travel and
tourism in Colombia. The economic depreciation has adversely affected international
departures, thus hampering the travel and tourism sector in Colombia. In 2015, outbound trips
fell by 1.3% and expenditure declined by around 0.6%. By 2020, domestic trips in Colombia
are expected to reach 32.6 million, exhibiting a 5.70% average annual growth rate from 2016
to 2020.
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As per the report, overcrowding at Colombia’s biggest airport, El Dorado at Bogota, is the
primary challenge for the tourism sector. El Dorado was designed to serve 15 million to 17
million passengers every year. In 2015, with a total of 30 million passengers, the airport
registered record-breaking passenger traffic. To ease the congestion of passengers, the
Colombian government has invested US$375 mn in building a new airport, El Dorado II, by
2021. This is expected to further propel inbound and outbound trips, thus boosting travel and
tourism in Colombia.
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