Colombia's export of foreign currency for tourism exceeds pre-pandemic values

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https://en.travel2latam.com/nota/76437-colombias-export-of-foreign-currency-for-tourism-exceeds-pre-pandemic-values
Colombia's export of foreign currency for tourism exceeds pre-pandemic values
Source: Twitter @BOG_ELDORADO
September 08, 2022

In the first semester they reached an income of USD 3,208 million, which means a growth of 1% compared to the same period in 2019


The mid-year season showed an important reactivation for receptive tourism in Colombia, which in turn allowed us to visualize the increase in records referring to the economic contributions generated by non-resident visitors to the country. Foreign exchange from tourism is determined as the most relevant element for the export of services in this activity, which on several occasions has exceeded part of the exports of traditional goods such as coffee, coal, bananas, ferronickel, among others.

Despite the economic crisis in some countries and the devaluation of the Colombian peso against the dollar, inbound tourism, made up of foreign visitors, Colombians residing abroad and passengers on international cruise ships, showed significant improvements in the second quarter of the year. According to data from the Banco de la República, ANATO calculates that exports for travel and passenger air transport was USD 1,641 million, this means a growth of 16% compared to the same period in 2019.

“The efforts of the entrepreneurs of the tourism chain, the Travel Agencies specialized in receptive tourism and the Tour Operators, are part of the achievement of attracting these foreigners to the country, through participation in international fairs, marketing spaces and promoting the promotion of Colombia abroad. Our country must continue working with the National Government, above all, with regard to the search for peace and security, fundamental issues to find productive alternatives that make up for the decrease in mining and energy resources, with tourism being the ideal substitute," he said. Paula Cortés Calle, executive president of ANATO.

ANATO, based on data from the Bank of the Republic, calculates that, for the first half of the year, travel and air transport was USD 3,208 million, which means a growth of 1% compared to the same period in 2019 , which allows us to exceed pre-pandemic values, and it can be estimated that at the end of the year we will have growth between 6% and 10%.

In this way, the Association calculates that the average per capita expenditure of non-resident visitors during the first half of the year was USD 1,617, exceeding by 8% the USD 1,498 registered in the same period in 2019.

“By achieving these positive figures, we are no longer talking about reactivation, but about growth, which represents the importance of the arrival of non-resident visitors to our country, since it is a relevant factor not only for the tourism sector, but for the Colombian economy. It is essential to continue working on aspects such as security, formality, connectivity, support for companies, among others, that allow attracting new international tourists with a good spending average”. concluded the union leader.

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