Despite Colombia’s extensive natural beauty and bustling cities, its tourism industry has traditionally underperformed relative to its actual potential; however, international visitor arrivals rose by 70% between 2010 and 2015, contributing to the 17% increase in employment during those years. Overall, the coming years are expected to be marked by double-digit growth in tourism indicators. The...
The Americas Tourism
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Articles & Analysis | Peru's fast-growing tourism sector shows no signs of slowing down from The Report: Peru 2017
Thanks to its unique historic and cultural offering, including one of the world’s most exciting cuisines, Peru is the fastest-growing tourism destination in the region. In January 2017 the country once again appeared on several go-to destinations lists, including Bloomberg’s “Where to go in 2017”, while The New York Times also...
Interviews & Viewpoints | Eduardo Ferreyros, Minister of Foreign Trade and Tourism: Interview from The Report: Peru 2017
Articles & Analysis | Concerted efforts to attract Chinese tourists to Peru appear to be paying off from The Report: Peru 2017
In 2015 more than 19,000 Chinese tourists visited Peru, an increase of 16% over 2014, making China the third-largest source market of Asian tourists to the country. In December 2015 Peru won the “Best New Potential Destination” award from Best Travel Media, the official media outlet of the China Association of Travel Services, a signal of the...
Thanks to its unique historic and cultural offering, including one of the world’s most exciting cuisines, Peru is the fastest-growing tourism destination in the region. International tourism inflows rose by 7.7% in 2016, according to the “Economic Impact 2017 Peru” report by the World Tourism and Travel Council (WTTC), posting faster growth than anywhere else in the Americas, and above the...
Over the last two decades Peru has been one of the fastest-growing economies in the region. Remarkably resilient to global headwinds, positive GDP growth has continued despite the end of the commodities boom. Yet the growth rate has slowed and the initial impetus of a first wave of structural reforms has faded. The question now is whether the current administration can address problems, implement further reforms and re-accelerate the economy.