South America Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in South America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The South American travel & tourism industry had total revenues of $159.1 billion in 2022, representing a compound annual growth rate (CAGR) of 7% between 2017 and 2022.
- The travel intermediaries segment accounted for the industry's largest proportion in 2022, with total revenues of $87.4 billion, equivalent to 54.9% of the industry's overall value.
- The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to the Brazilian Ministry of Tourism, from January to November 2022, the country received 3.1 million international tourists.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in South America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in South America
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South America travel & tourism market with five year forecasts by both value and volume
- What was the size of the South America travel & tourism market by value in 2022?
- What will be the size of the South America travel & tourism market in 2027?
- What factors are affecting the strength of competition in the South America travel & tourism market?
- How has the market performed over the last five years?
- Who are the top competitiors in South America's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. Expedia Group Inc
- 8.2. McDonald's Corp
- 8.3. LATAM Airlines Group SA
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South America travel & tourism industry value: $ million, 2017–22
- Table 2: South America travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: South America travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: South America travel & tourism industry geography segmentation: $ million, 2022
- Table 5: South America travel & tourism industry value forecast: $ million, 2022–27
- Table 6: Expedia Group Inc: key facts
- Table 7: Expedia Group Inc: Annual Financial Ratios
- Table 8: Expedia Group Inc: Key Employees
- Table 9: Expedia Group Inc: Key Employees Continued
- Table 10: McDonald's Corp: key facts
- Table 11: McDonald's Corp: Annual Financial Ratios
- Table 12: McDonald's Corp: Key Employees
- Table 13: McDonald's Corp: Key Employees Continued
- Table 14: LATAM Airlines Group SA: key facts
- Table 15: LATAM Airlines Group SA: Annual Financial Ratios
- Table 16: LATAM Airlines Group SA: Key Employees
- Table 17: South America exchange rate, 2018–22
- List of Figures
- Figure 1: South America travel & tourism industry value: $ million, 2017–22
- Figure 2: South America travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: South America travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: South America travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in South America, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in South America, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in South America, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in South America, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in South America, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in South America, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook