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Peru’s Tourism Industry Recorded Considerable Decline

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The pandemic severely affected Peru’s tourism industry, which has not yet recovered. The lack of effective initiatives to promote the country and the ongoing social unrest have further hindered the sector’s slow reactivation compared to other nations that have performed better. Although there are hopes for a better performance this year, significant challenges still need to be addressed.

In 2019, Prom-Peru allocated S/215 million (about $58 million) to promote tourism in the country. However, the pandemic reduced these resources by more than half between 2020 and 2022. On average, only S/90 million (about $24 million) was spent each year. As a result, the number of international fairs organized by Prom-Peru decreased drastically, from 191 in 2019 to only 48 in 2022.

Last Year’s Results

Peru’s tourism industry has struggled to recover due to low international promotion and ongoing social protests. In 2023, the country’s main tourist attractions received 5.6 million visits, 26% less than the number of visits received in 2019. Domestic tourism has almost fully recovered, with 97% of visitors. Still, only half of the visits from foreign tourists have been received, resulting in only 2.5 million international tourists visiting Peru in 2023, a significant drop from the 4.4 million in 2019. This decrease can be attributed to fewer tourists arriving from Chile (-602,000), America (-167,000), and Argentina (-116,000).

As a result of the decline in tourism from these three countries and the average expenditure per tourist, it is estimated that Peru lost over US$700 million in travel expenses last year. This amount represents 42% of Cusco’s wage bill for the same year. As a result, foreign exchange income from tourism in Peru fell from 2% of GDP in 2019 to 1.3% in 2023, a decline of 25%. In contrast, Colombia managed to increase its foreign exchange income by 19%, reaching an all-time high of 2.5% of its GDP, thanks to its spending on tourism promotion growing every year between 2019 and 2023.

The decline in the tourism industry has significantly impacted Peru’s economy. The sector’s contribution to the country’s GDP decreased from 3.9% in 2019 to 2.5% in 2023, amounting to a decrease of more than US$1,000 million. This decline has resulted in over 300,000 jobs remaining unrecovered.

The Hope of 2024

In the second half of 2023, Peru increased its spending on promoting tourism to S/221 million, only 3% more than the amount spent in 2019. However, there are still other significant challenges that need to be addressed. One of the main issues is the increase in insecurity, especially in Cusco, the country’s primary tourist destination. The city recorded the second-highest percentage of crime victims in the nation (29%, compared to the national average of 23%). Additionally, the low quality of airport infrastructure and tourist services, combined with the delay in implementing new initiatives, remains a concern. According to Mincetur, as of February 2023, only 3% of prioritized tourism resources provided adequate services, highlighting the urgent need for investments in the sector.

The IPE estimates that by 2024, international tourists’ arrivals could increase to 3.2 million, generating around US$4.4 billion in foreign exchange. However, if the number of visitors in 2019 (4.3 million) is reached, foreign exchange could increase by almost US$1.6 billion above the baseline scenario.

Considering the potential of Peru’s tourism industry, the authorities must double their efforts. Firstly, they must reposition Peru in the global tourism market and manage security and conflict issues. Secondly, popular attractions like Machu Picchu are not equipped to handle twice as many tourists, and there is no development plan in place for the new Chinchero airport. These are just some of the issues that need to be addressed. With the Easter season quickly approaching and the start of the second quarter, there is no time to waste in taking action to boost tourism for the rest of the year for the benefit of the citizens.



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Groups360 Launches Enterprise Meetings Solution

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Meeting planning platform provider Groups360 this week launched GroupSync Planner Plus, a meeting planning and booking solution the company said has a “specialized set of features” that are “designed for corporate teams needing a standardized request and booking process.”

The platform appears to be tailored to matrixed organizations that may require multiple approval processes to initiate a meeting, followed by a planning process controlled by policy and cost guardrails configured into the planning and booking workflow. The platform includes a meeting request form and reporting tools for financial accountability. The company said additional features would be available “soon,” including the ability to apply a master service agreement to all request-for-proposal and booking activities and the ability to flag or preference a given company’s pre-negotiated hotel properties, brands or chains.

One of the differentiators for Groups360 is the ability to display live, real-time rates and available rooms and meetings at hotels participating in its marketplace. That said, the number of properties is lower at 25,000 globally than in some other comparative meeting planning tools. Groupize—another platform that announced enterprise-level upgrades this week—for example, says it offers more than 250,000 hotels and venues in its global marketplace, but it may not have access to real-time shelves for content availability. That requires key integrations with hotel property management systems and, given the nature of hotel franchise and management models, isn’t necessarily straightforward and requires at minimum a chain-by-chain approach. 

Even with the smaller marketplace, Groups360’s Planner Plus could offer some advantages. The integrated nature of the content retrieval enables instant booking for small meetings of 10 to 25 sleeping rooms and event space for up to 50 attendees, but that is only for “participating” properties—not everything in the Groups360 marketplace. Instant-book tools include audiovisual requirements, catering and other services without the need to engage in the RFP process. 

The enterprise tools, with MSAs applied and preferred property lists, won’t necessarily overlap with that instant-book proposition. However, the more sophisticated toolset will support in other ways, allowing enterprise companies to define meeting types and set standards and policies around those types—to manage costs, quality and attendee experience. Once the meeting type standards are applied and requirements for the individual meeting are established, a simplified RFP process tracks and organizes hotel responses into a single dashboard for the organizer to compare and ease decision making.

“One of the inherent challenges that Planner Plus solves for company meeting and event planners is organizing and standardizing the disparate processes that companies use to plan and track various types of events,” said Groups360 SVP product Christian Oliver. “We have developed a comprehensive system that allows corporate planners and teams to easily build and track all meeting data, including event criteria, budgets, expenditure and tiered approvals within a single portal that is accessible to all company stakeholders. Since it’s built within GroupSync, it also provides powerful hotel sourcing and booking capabilities that have been proven to save significant time and money—both valuable resources for any size organization.”



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Celebrity Cruises sees ‘a ton of support’ from UK agents

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President reports Apex ‘doing exceptionally well’ in Southampton



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Bryan Terzi joins AutoCamp as CMO

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Bryan Terzi joins AutoCamp as Chief Marketing Officer, leveraging over two decades of marketing expertise to enhance the brand’s outdoor hospitality experience.

Bryan Terzi is the new Chief Marketing Officer at AutoCamp, a pioneering brand in the hospitality industry known for revolutionizing outdoor travel. With over two decades of global marketing expertise, Terzi has lead multiple renowned hospitality brands across an array of disciplines. In his previous role as Group Vice President of Marketing at Sage Hospitality, a leading hotel and restaurant management company, Terzi orchestrated strategic marketing campaigns for a diverse portfolio of over 60 hotels and 40 restaurants.

During his time there he successfully launched 12 new hotels, repositioned three existing restaurants, spearheaded the creation of a new CRM program, and established the Sage corporate marketing team as an integral part of the business. Prior to this, in his tenure as Vice President of Marketing at Relevant Group, he played a pivotal role in introducing upscale culinary concepts (most notably, the acclaimed Italian restaurant, Mother Wolf) to Hollywood’s vibrant entertainment district. Terzi’s professional journey also includes significant contributions at Sydell Group, (the creators of celebrated hotel brands like NoMad, LINE, and Freehand), as well as Starwood Hotels & Resorts, MGM, Thompson Hotels, and sbe Entertainment – where he consistently excelled in guiding cross-functional teams across diverse organizational levels.

Transitioning from a successful career predominantly focused on urban corporate brands, Bryan looks forward to directing his expertise towards championing wellness and advocating the benefits of outdoor travel. As he spearheads the expansion of the AutoCamp brand, he eagerly anticipates embracing this new chapter dedicated to enhancing the outdoor hospitality experience.

A pioneering brand in hospitality, AutoCamp has revolutionized outdoor travel by redefining the iconic camping experience. Blending the traditional elements of sleeping under the stars with the service and design-forward thinking of a boutique hotel, each AutoCamp location creates a unique experience that encourages guests to immerse themselves in nature – without sacrificing the comforts of high-end accommodations. Since its inception, AutoCamp has been the premier basecamp for the modern adventurer.


Vicky Karantzavelou

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor’s degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.





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