Travel & Tourism in Colombia
Summary
Travel & Tourism in Colombia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Colombian travel & tourism industry recorded revenues of $23.6 billion in 2023, representing a compound annual growth rate (CAGR) of 1.2% between 2018 and 2023.
- The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $7.5 billion, equivalent to 31.7% of the industry's overall value.
- Increasing capital investment in the travel & tourism industry is a key driver of growth, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Colombia reached $3.9 billion in 2023, reflecting a 6.6% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Colombia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Colombia
- 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 Colombia travel & tourism market with five year forecasts
- What was the size of the Colombia travel & tourism market by value in 2023?
- What will be the size of the Colombia travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Colombia travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Colombia'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 are the strategies of the leading players?
- 7.3. What are recent developments in the industry?
- 8 Company Profiles
- 8.1. GHL Hoteles
- 8.2. Booking Holdings Inc
- 8.3. Avianca Group International Ltd
- 8.4. McDonald's Corp
- 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: Colombia travel & tourism industry value: $ million, 2018-23
- Table 2: Colombia travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Colombia travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Colombia travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Colombia travel & tourism industry value forecast: $ million, 2023-28
- Table 6: GHL Hoteles: Key Facts
- Table 7: GHL Hoteles: Key Employees
- Table 8: Booking Holdings Inc: Key Facts
- Table 9: Booking Holdings Inc: Annual Financial Ratios
- Table 10: Booking Holdings Inc: Key Employees
- Table 11: Avianca Group International Ltd: Key Facts
- Table 12: Avianca Group International Ltd: Key Employees
- Table 13: McDonald's Corp: Key Facts
- Table 14: McDonald's Corp: Annual Financial Ratios
- Table 15: McDonald's Corp: Key Employees
- Table 16: McDonald's Corp: Key Employees Continued
- Table 17: Colombia Size of Population (million), 2019-23
- Table 18: Colombia Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 19: Colombia GDP (Current Prices, $ Billion), 2019-23
- Table 20: Colombia Inflation, 2019-23
- Table 21: Colombia Consumer Price Index (Absolute), 2019-23
- Table 22: Colombia Exchange Rate, 2018-23
- List of Figures
- Figure 1: Colombia travel & tourism industry value: $ million, 2018-23
- Figure 2: Colombia travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Colombia travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Colombia travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Colombia, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Colombia, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Colombia, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Colombia, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Colombia, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Colombia, 2023
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