The World Travel and Tourism Council (WTTC) revealed in its Economic Impact of Cities report that the Colombian capital maintains favorable growth in the contribution of the Travel and Tourism sector to the city's GDP.
The Economic Impact of Cities report, produced in collaboration with Oxford Economics, analyzed key factors for the Travel & Tourism sector in 82 cities around the world, including contribution to GDP, employment and international spending.
In 2019, the Travel and Tourism sector contributed to the GDP of the Colombian capital with almost 2.9 billion dollars, representing 3.4% of the total economy. In 2020, the pandemic caused a drop of almost 80%. However, 2022 saw a recovery of 72.4%, which represented a contribution to the city's GDP of 2.4% and almost 39% to the country's economy.
On the other hand, the level of jobs corresponding to the sector grew during 2022 by almost 48% compared to the previous year, reaching more than 154,500 jobs. This represents 3.3% of all jobs in the city of Bogotá. With them, the employment levels of the sector are practically at the same level as the records of 2019.
International spending, which in 2021 had a contribution of almost 0.7 billion dollars, saw an increase of 132% in 2022, reaching 1.6 billion dollars. Likewise, domestic spending grew by 45%, reaching a contribution of almost 2.8 billion dollars.
These data reflect that the international traveler is returning to the Colombian capital and is close to reaching pre-pandemic levels of 2019.
Bogotá is one of the most attractive cities in Latin America for travelers, since the United States is one of its most important markets. United States, Mexico, Brazil, Spain and Argentina.