How much foreigners are spending on their trips to Colombia

How much foreigners are spending on their trips to Colombia
How much foreigners are spending on their trips to Colombia

Foreign tourism in the country increased considerably in 2023. Among the travel preferences of foreigners, Colombia was positioned as one of the favorite destinations. Furthermore, due to the volatility of the dollar that year, spending in pesos made the country more attractive.

This was made evident by the Tourism Satellite Account (CST) for 2023 of the National Administrative Department of Statistics (Dane), in which it was evident that the inbound tourism spending went from 44.6 billion pesos in 2022 to 50.8 billion pesos in 2023, which represented a growth of 13.8%.

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As they explain, The expense for the last year was mainly related to the purchase of air transportation services of passengers with 13.2 billion pesos, followed by food and beverage provision services with 11.6 billion pesos and accommodation services for visitors with 8.9 billion pesos. For its part, for 2022, inbound tourism spending showed a growth of 75.1% compared to 2021, going from 25.5 billion pesos to 44.6 billion pesos.

“In 2023, tourist flows showed a growth of 21.2%, going from 3.2 million people in 2022 to 3.9 million people in 2023. While for 2022p, the tourist flow showed a growth of 106%. regarding 2021”they point out.

Over the Colombians leaving the country recorded a total expenditure of 19.4 billion pesos for 2023, which represented a growth of 5.0% cRegarding 2022, Dane explained that this increase and spending was mainly represented by accommodation services for visitors with 4.2 billion pesos, followed by consumer goods with 4.2 billion pesos, and transportation services. provision of food and beverages with 3.7 billion pesos. For 2022p, outbound tourism showed a growth of 21.0% compared to the immediately previous year.

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Besides, “The flows of people from outbound tourism for 2023pr grew 4.8% compared to the immediately previous year, going from 3.2 million people in 2022p to 3.3 million in the last year. For its part, for 2022p the flows of people showed a growth of 45.7% compared to 2021”, they say.

In the case of domestic tourism, in 2023 total spending registered 17.7 billion pesos, which represented a growth of 10.9% with respect to 2022.

In this case, tourism spending was mainly associated with food and beverage provision services with 5.9 billion pesos, followed by other services with 2.4 trillion pesos, and consumer goods with 2.2 trillion pesos. For its part, domestic tourism trips showed a growth of 8.9% for 2023pr, going from 43.6 million in 2022p to 47.4 million in 2023. It must be remembered that the increase in these was driven mainly by the return of 19% VAT on tourist products.

In the case of hiking, this recorded an expense of 2.1 trillion pesos by 2023, which represented a growth of 20.6% compared to the immediately previous year; while trips associated with hiking for 2023pr showed a growth of 6.6%, going from 27.4 million in 2022 to 29.2 million in 2023.

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By 2022, the added value of the industries representative of tourism amounted to 240.7 billion pesos, this is due to the difference between the value of production of 406.1 billion pesos and intermediate consumption of 165.4 billion pesos.

For its part, the remuneration of employees registered 38.2 billion pesos for this year, the mixed income 83.4 billion pesos and the gross operating surplus 109.8 billion pesos.

Furthermore, in 2022 The production of tourist consumption participated with 2.3% of the total production of the economy Mainly explained by the consumption of air transportation services, which represented 70.3%; followed by accommodation and food and beverage supply services with 26.2%.

PAULA GALEANO BALAGUERA
Portfolio Journalist

 
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