The inflow of foreign currency for travel and air transport improves in Colombia

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The inflow of foreign currency for travel and air transport improves in Colombia
Source: Twitter @BOG_ELDORADO
September 17, 2021

An ANATO report highlights that during the second quarter, the reactivation of the sector reached 40%

During this year, the devaluation of the peso against the dollar has meant an opportunity to boost tourism in the country. Without restrictions for the entry of foreign visitors, the varied offer of attractions, and the reactivation that has been achieved in the international air connection, have also made Colombia attractive for tourists from abroad. 

According to ANATO, based on the results of the Balance of Payments of Banco de La República, during the first semester of 2021, USD $ 1,072 million entered the country from exports of travel and passenger air transport to the country, which meant a 34% reactivation. 

It should be noted that, in the first quarter, a 29% reactivation in foreign exchange inflows was achieved, when compared with the figures registered in the same period of 2019, while the reactivation for the second quarter increased considerably and reached a 40%, which means a slow but steady recovery. 

Despite this growth, efforts still need to be added, creating more public-private strategies to promote the confidence of foreign travelers, since during the first half of this year, USD $ 2,098 million was not received for this same concept. 

“Without a doubt, by tradition tourism has been a great accumulation of foreign exchange. This recovery data is good news for the sector and we know that the recovery will take time. For this reason, we must continue working to promote international tourism and continue to support Travel Agencies to attend international fairs where they can expose the potential of our country and investment in infrastructure, "said Paula Cortés Calle, executive president of ANATO.


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