Bogotá accounts for over one fourth of Colombia’s tourism
Bogotá´s tourism GDP accounts for 2.5 percent of the city´s economy, a total of US$1.8bn, revealed a new report by the World Travel & Tourism Council (WTTC), Latin America City Travel & Tourism Impact. Bogotá`s tourism economy represents 29.1 percent of Colombia’s tourism activity.
Latin America City Travel & Tourism Impact is one of a series of reports by WTTC which looks at the contribution of Travel & Tourism to city economies and job creation. The study covers 65 cities, six of which are in Latin America.
International spend accounts for 41 percent of Bogotá’s tourism revenue, highlighting the importance of international visitors for the city. Most trips are for leisure rather than business purposes. The top international markets are United States (27 percent), Mexico (10 percent), Spain (5 percent), Brazil (5 percent) and Argentina (4 percent). Domestic demand is still responsible for 59 percent of tourism revenue, and spending from Colombian arrivals is forecast to double by 2026.
The total contribution of Colombia’s Travel & Tourism sector to GDP is COP51,05bn (US$16.7bn), or 5.8 percent of GDP. The total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry, was 6.1 percent of total employment (1.3 million jobs). Over the next ten years the sector is forecast to generate 219,500 jobs.