Market Report: Chile
By Sergio Giorgetti on June 30, 2016
Sergio Giorgetti of Horwath HTL Argentina has written the next in our series of Special Market Reports, focusing on the Chilean market.
‘Almost 4,500,000 international visitors arrived at Chile in 2015, which indicates an important growth of 22% compared to 2014, and a record number of overseas visitors during the last years. Regarding average occupancy rate, during 2015 an occupancy rate of 41% was registered at the national level, according to INE, which represented 1.38 points of growth (pp) in comparison with 2014. In this article, we will examine the most important items related to tourism and hotel sector, including the pipeline of hotel projects.‘