Tourism forecasts remain positive in Colombia for the next 10 years

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Tourism forecasts remain positive in Colombia for the next 10 years
Paula Cortés Calle, ANATO
Tue October 22, 2019

It is expected that by 2019, the sector will have a growth of 3.2% and in the next 10 years the percentage will be 3% annually

 


According to the WTTC, the direct contribution of the tourism sector to Colombia's GDP in 2018 was COP19.124 billion, which is equivalent to a 2% share in the economy, a figure consistent with that reported by the Tourism Satellite Account of the DANE
 
Likewise, it is expected that by 2019, the sector will have a growth of 3.2% and that by 2029 it will reach COP 26.477 billion, growing on average by 3% each year and maintaining the same participation of 2% of GDP, mentioned above.
 
This contribution includes the economic activities generated by Travel Agencies, hotels, airlines and other passenger transport services, activities of tourist restaurants and tourist entertainment centers.
 
It should be noted that for the year 2018, according to data from this feunte, tourism in Colombia generated COP19.044 billion in currencies and by 2029 it is projected that COP24.882 billion of currencies will be generated by tourism in the country, growing at an average rate of 2.5% every year.
 
Regarding the arrival of foreign visitors, the organization expects that, for this year, the country will receive 5,202,000, and that by 2029, it will reach 6,053,000 records, growing at an average rate of 2.5% each year.
 
Regarding investment, for 2018, tourism attracted about COP7.869 billion and it is estimated that this figure will increase by 7.2% at the end of this year. Likewise, for the next 10 years, it is expected to grow at a rate of 2.3% annual average, reaching a total of COP 10.637 billion in 2029.
 
“It is important for us to know that growth projections are positive for the industry in our country. Although this means that the work of the public and private sector has more than fulfilled, we must bet on exceeding the mentioned figures, because we have all the potential to achieve it. With the Travel Agencies we will continue working on the implementation of strategies to train them in the needs of today's traveler, and thus know how to make their service portfolios more innovative and attractive. Additionally, we want more tourism companies to be motivated to invest in our country ” explained Paula Cortés Calle, executive president of ANATO.

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