Chile Hotels
Santiago Leads the Recovery of the Travel and Tourism Sector in Chile
WTTC | March 17, 2023
In 2022, international spending grew by 490% compared to 2021, reaching more than 0.5 trillion dollars Jobs corresponding to the sector increased by 26.4%, equivalent to almost 2% of total local jobs London, United Kingdom: The World Travel and Tourism Council ( WTTC ) revealed in its Economic Impact of Cities report that Latin America is making steady progress in reactivating the sector, and highlighted the role of the Chilean capital in tourism recovery. 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, inclu...
Chile Hotels Show Resilience
STR | January 24, 2022
Every country around the world has had to work through significant challenges since the start of the pandemic in 2020. For Chile, challenges were nothing new as protests that began in October 2019 were already affecting hotel performance around the country. The pandemic and those protests are still ongoing late into 2021, but Chile’s hotels are slowly but surely moving toward performance recovery. Recovering a bit differently Most countries are recovering average daily rate (ADR) faster than occupancy. In Chile, the opposite has been true. The country saw a 47.6% occupancy level in September, which was 90% of the comparable ...
