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South America Tourism Market

Market Insights on South America Tourism covering sales outlook, demand forecast & up-to-date key trends

South America Tourism Market by Booking Channel, Consumer Orientation, Age group, Tour type, Tourist Type & Region - Forecast 2022 - 2032

South America Tourism Market Outlook (2022-2032)

[333 Pages Report] The South America tourism market, whose valuation stands at US$ 320 billion as on 2022, is projected to grow at a CAGR of 4%, and the valuation is expected to go up to US$ 473.68 billion in 2032.

Architectural masterpieces along with cultural diversity and many more factors are expected to increase the demand for South America tourism.

Report Attribute

Details

South America Tourism Market Valuation as on 2022

US$ 320 Billion

South America Tourism Market Anticipated Valuation for 2032

US$ 473.68 Billion

South America Tourism Market Anticipated Growth Rate (2022-2032)

4%

Tourism is one of those sectors which contributes to the GDP of not only a nation, but an entire continent. There are countries across the world which are solely dependent on tourism for their economic growth. So, indeed tourism is necessary not only for the tourists but nations as well.

South America is one of the most underrated tourist destinations. It is the land of mesmerising nights and festivals. It is specifically known for its beautiful mountains, exotic landscape, lively beaches, glorious wildlife, waterfalls and plenty of other things.

South America is composed of 12 independent nations, and other dependent nations. Spanish is the most widely spoken language in South America, which is followed by Portuguese. English is the third most spoken language.

Generally, the climate in South America remains hot and humid. The climate tends to be highly volatile going further South.

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What are the Current Market Dynamics pertaining to South America Tourism Market?

From rainforests to archaeological sites, South America has it all to offer for all kinds of tourists. However, choosing just one vacation spot becomes a challenging task when the continent has so much to offer.

Argentina is believed to be one of the most attractive tourist destinations in South America. The country has a lot to offer, be it desert, jungles, or beaches. This is the country which keeps the tourists hooked.

Iguazu falls is located in the border of Brazil and Argentina. These are a part of UNESCO world heritage sites, and are one of the most majestic sites in the entire South American region. Visitors have the luxury of going closer to the Iguazu falls through the walkways.

Buenos Aires, which is the capital of Argentina, is one of the most lively and beautiful cities. One should make it a point to visit La Boca, where the Caminito Street Museum is located, which is meant for its brightly painted houses, cafes, and the brilliant tango dancers

Recoleta Cemetery is another must visit place in Beunos Aires, which is a mausoleum containing the remains of certain famous Argentinians, along with gardens, museums, and café.

For all those who want to venture into hiking, Tierra del Fuego national park is a must visit place. Apart from hiking, the park has plenty to offer ranging from waterfalls, dense forests, mountains, and elegant glacier fed lakes.

Puerto Madryn is another place in Argentina, which is famous for being a cruise destination. It is mainly meant for its rugged coast line, which is quite popular amongst the water sports enthusiasts.

Brazil is another country in the South American continent, which is popular for its scenic beauty, and the nightlife. Moreover, the country is famous for its rainforests and savannas.

The Cristo Redentor, which is a gigantic statue of Jesus Christ, which is located in Rio De Janeiro, which is the capital of Brazil. The 709-meter statue is something which tourists look forward to visit. The statue is a part of Tijuca National Park. The base of this statue encloses a chapel, which is famous for weddings.

Rio De Janeiro is also famous for the carnival, which showcases colour, action, sound, celebration in the most extravagant manner. This can be said as a stage where Samba dancers compete with each other, and the stadium is built by Brazil’s most popular architect, Oscar Niemeyer.

The Iguacu falls are popular in Brazil as well. The waterfalls are located at a place where Argentina, Brazil, and Paraguay meet. Going down, the river is restricted to one fourth of its width, which makes the force of the water stronger.

Sugar Loaf, which is located in Rio De Janeiro is around 390 metres above the beach. It gives a spectacular view of Rio and the harbour.

Chile is another country in South America, which is visited a lot by the tourists across the world. Chile also has the reputation of being the most diverse country in South America.

The Easter Island is believed to be one of the most popular tourist destinations in Chile. It is believed to be one of the most mysterious places in the world. There are no trees in this island, and the giant statues present a solid example of exemplary human artistry and achievement.

The Torres Del Paine national park, which is a ‘towers of blue’ national park is a glaciated regions located in the South of Chile. The exploration through this park can be done via van, multi day treks. There are guides as well who help the tourists carry their bags and cook meals for them as well.

The Chilean Lake district is another major tourist attraction in Chile. It is meant for its dense forests, clean lakes, and snow filled volcanos.

Valparaiso is a port town that is located in the coast of Central Chile. It is meant for some of the first urban inventions of the Latin America, like the volunteer fire department. The place is also meant for its underground street art. It is known for its bright houses, lively nightlife, and beautiful seaside views.

Peru is yet another beautiful country located in South America. It is located in the western region of North America, and shares its boundaries with Ecuador, Columbia, and Brazil.

Cusco is one of the most visited places in Peru, and is meant for the archaeological ruins.

Machu Picchu, which is located 300 metres above the Urubamba River is one of the most histrionic places to visit. The place is meant for ancient ruins. Apart from the ancient ruins, the place is also famous for its lush mountains.

The Inca trail is a four-day hike, and many tourists believe it to be the main part of the visit to Peru. The hike is way more demanding than what many people expect, but at the end of it people are excited. The hike must be done through an agency, and the reservations should be done in advance.

Lake Titicaca is surrounded by hills and villages. The entire area around the lake is a mix of culture and scenery, that sets it apart from other regions.

With so much to offer, the South America tourism market share is expected to upsurge in the coming times.

There are lots of other countries like Columbia, Uruguay, Ecuador, etc. which are worth visiting, and are meant for their wildlife, culture, and historical sites.

Because of all the offerings that are being made by the continent, the demand for South America tourism market is anticipated to increase.

What is the Regional Outlook for the South America Tourism Market?

The South America tourism market size is expected to expand in the coming days. The countries that have been analysed are: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela.

Argentina is the most visited country in South America. Argentina is followed by Brazil. Chile is the third most visited country in South America.

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Who are Some of the Key Players in the South America Tourism Market?

Some of the key players in the South America tourism market are: Pentravel, CVC Travel, Thompsons, Suretravel, VIAJANET, Hostelworld Group, Harveyworld, IGO Travel, Computravel, LuxuryAfrica, and Despegar.

After, more than two years, the focus for South America tourism market remains to increase the footfall of the tourists, and to revive the tourism sector to its glory, as the past two years have been relatively dry for the region.

South America’s Latam airlines is working harder to emerge from restructuring during the second half of 2022.

  • Despegar completes acquisition of VIAJANET in June 2022.
  • Hostelworld group launches ‘The Solo System’, a set of social features enabling opt-in travellers to connect and meet in real life.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2014-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Booking Channel
  • Consumer Orientation
  • Age Group
  • Tour Type
  • Tourist Type

Key Countries Profiled

  • Argentina
  • Bolivia
  • Brazil
  • Chile
  • Colombia
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela.

Key Companies Profiled

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Key Segments Profiled in the South America Tourism Market Survey

By Booking Channel:

  • Phone booking
  • Online booking
  • In person booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age group:

  • 15-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • 56-65 years
  • 66-75 years

By Tour type:

  • Independent traveller
  • Tour Group
  • Package Traveller

By Tourist Type:

  • Domestic
  • International

Frequently Asked Questions

Demand for South America tourism market is likely to grow at a CAGR of 4% through 2032.

The South America tourism market is expected to be valued at US$ 473.68 billion by 2032.

The valuation of South America tourism market is US$ 320 billion in 2022.

Table of Content

1. Executive Summary

    1.1. South America Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. Value Chain Analysis

        3.5.1. Profit Margin Analysis

        3.5.2. Service Providers

    3.6. PESTLE and Porter’s Analysis

    3.7. Regulatory Landscape

        3.7.1. By Key Countrys

        3.7.2. By Key Countries

    3.8. Countryal Parent Market Outlook

4. South America Tourism Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. South America Tourism Market Analysis 2017-2021 and Forecast 2022-2032, By Tourist Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) Analysis By Tourist Type, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Tourist Type, 2022-2032

        5.3.1. Domestic Tourists

        5.3.2. International Tourists

    5.4. Y-o-Y Growth Trend Analysis By Tourist Type, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Tourist Type, 2022-2032

6. South America Tourism Market Analysis 2017-2021 and Forecast 2022-2032, By Traveler Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) Analysis By Traveler Type, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Traveler Type, 2022-2032

        6.3.1. Solo

        6.3.2. Individual

    6.4. Y-o-Y Growth Trend Analysis By Traveler Type, 2017-2021

    6.5. Absolute $ Opportunity Analysis By Traveler Type, 2022-2032

7. South America Tourism Market Analysis 2017-2021 and Forecast 2022-2032, By Mode of Travel

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Mn) Analysis By Mode of Travel, 2017-2021

    7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Mode of Travel, 2022-2032

        7.3.1. Roadways

        7.3.2. Airways

        7.3.3. Seaways

    7.4. Y-o-Y Growth Trend Analysis By Mode of Travel, 2017-2021

    7.5. Absolute $ Opportunity Analysis By Mode of Travel, 2022-2032

8. South America Tourism Market Analysis 2017-2021 and Forecast 2022-2032, By Mode of Stay

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Mn) Analysis By Mode of Stay, 2017-2021

    8.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Mode of Stay, 2022-2032

        8.3.1. Hotels

        8.3.2. Resorts

    8.4. Y-o-Y Growth Trend Analysis By Mode of Stay, 2017-2021

    8.5. Absolute $ Opportunity Analysis By Mode of Stay, 2022-2032

9. South America Tourism Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Mn) Analysis By Country, 2017-2021

    9.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Country, 2022-2032

        9.3.1. South America

    9.4. Market Attractiveness Analysis By Country

10. South America Tourism Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

        10.2.2. By Tourist Type

        10.2.3. By Traveler Type

        10.2.4. By Mode of Travel

        10.2.5. By Mode of Stay

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Tourist Type

        10.3.3. By Traveler Type

        10.3.4. By Mode of Travel

        10.3.5. By Mode of Stay

    10.4. Key Takeaways

11. Key Countries Tourism Market Analysis

    11.1. South America

        11.1.1. Pricing Analysis

        11.1.2. Market Share Analysis, 2021

            11.1.2.1. By Tourist Type

            11.1.2.2. By Traveler Type

            11.1.2.3. By Mode of Travel

            11.1.2.4. By Mode of Stay

12. Market Structure Analysis

    12.1. Competition Dashboard

    12.2. Competition Benchmarking

    12.3. Market Share Analysis of Top Players

        12.3.1. By Countryal

        12.3.2. By Tourist Type

        12.3.3. By Traveler Type

        12.3.4. By Mode of Travel

        12.3.5. By Mode of Stay

13. Competition Analysis

    13.1. Competition Deep Dive

        13.1.1. SOUTH AMERICA TRAVEL GROUP JSC

            13.1.1.1. Overview

            13.1.1.2. Product Portfolio

            13.1.1.3. Profitability by Market Segments

            13.1.1.4. Sales Footprint

            13.1.1.5. Strategy Overview

                13.1.1.5.1. Marketing Strategy

                13.1.1.5.2. Product Strategy

                13.1.1.5.3. Channel Strategy

        13.1.2. Lily’s Travel Agency

            13.1.2.1. Overview

            13.1.2.2. Product Portfolio

            13.1.2.3. Profitability by Market Segments

            13.1.2.4. Sales Footprint

            13.1.2.5. Strategy Overview

                13.1.2.5.1. Marketing Strategy

                13.1.2.5.2. Product Strategy

                13.1.2.5.3. Channel Strategy

        13.1.3. TruTravels

            13.1.3.1. Overview

            13.1.3.2. Product Portfolio

            13.1.3.3. Profitability by Market Segments

            13.1.3.4. Sales Footprint

            13.1.3.5. Strategy Overview

                13.1.3.5.1. Marketing Strategy

                13.1.3.5.2. Product Strategy

                13.1.3.5.3. Channel Strategy

        13.1.4. South America Amazing Tours

            13.1.4.1. Overview

            13.1.4.2. Product Portfolio

            13.1.4.3. Profitability by Market Segments

            13.1.4.4. Sales Footprint

            13.1.4.5. Strategy Overview

                13.1.4.5.1. Marketing Strategy

                13.1.4.5.2. Product Strategy

                13.1.4.5.3. Channel Strategy

        13.1.5. G Adventures

            13.1.5.1. Overview

            13.1.5.2. Product Portfolio

            13.1.5.3. Profitability by Market Segments

            13.1.5.4. Sales Footprint

            13.1.5.5. Strategy Overview

                13.1.5.5.1. Marketing Strategy

                13.1.5.5.2. Product Strategy

                13.1.5.5.3. Channel Strategy

        13.1.6. Exodus Travels

            13.1.6.1. Overview

            13.1.6.2. Product Portfolio

            13.1.6.3. Profitability by Market Segments

            13.1.6.4. Sales Footprint

            13.1.6.5. Strategy Overview

                13.1.6.5.1. Marketing Strategy

                13.1.6.5.2. Product Strategy

                13.1.6.5.3. Channel Strategy

        13.1.7. World Expeditions

            13.1.7.1. Overview

            13.1.7.2. Product Portfolio

            13.1.7.3. Profitability by Market Segments

            13.1.7.4. Sales Footprint

            13.1.7.5. Strategy Overview

                13.1.7.5.1. Marketing Strategy

                13.1.7.5.2. Product Strategy

                13.1.7.5.3. Channel Strategy

14. Assumptions & Acronyms Used

15. Research Methodology

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List of Tables

Table 1: South America Tourism Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 2: South America Tourism Market Value (US$ Mn) Forecast by Tourist Type, 2017-2032

Table 3: South America Tourism Market Value (US$ Mn) Forecast by Traveler Type, 2017-2032

Table 4: South America Tourism Market Value (US$ Mn) Forecast by Mode of Travel, 2017-2032

Table 5: South America Tourism Market Value (US$ Mn) Forecast by Mode of Stay, 2017-2032

Table 6: South America Tourism Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 7: South America Tourism Market Value (US$ Mn) Forecast by Tourist Type, 2017-2032

Table 8: South America Tourism Market Value (US$ Mn) Forecast by Traveler Type, 2017-2032

Table 9: South America Tourism Market Value (US$ Mn) Forecast by Mode of Travel, 2017-2032

Table 10: South America Tourism Market Value (US$ Mn) Forecast by Mode of Stay, 2017-2032

Sneha Verghese
Principal Consultant
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List of Charts

Figure 1: South America Tourism Market Value (US$ Mn) by Tourist Type, 2022-2032

Figure 2: South America Tourism Market Value (US$ Mn) by Traveler Type, 2022-2032

Figure 3: South America Tourism Market Value (US$ Mn) by Mode of Travel, 2022-2032

Figure 4: South America Tourism Market Value (US$ Mn) by Mode of Stay, 2022-2032

Figure 5: South America Tourism Market Value (US$ Mn) by Country, 2022-2032

Figure 6: South America Tourism Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 7: South America Tourism Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 8: South America Tourism Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 9: South America Tourism Market Value (US$ Mn) Analysis by Tourist Type, 2017-2032

Figure 10: South America Tourism Market Value Share (%) and BPS Analysis by Tourist Type, 2022-2032

Figure 11: South America Tourism Market Y-o-Y Growth (%) Projections by Tourist Type, 2022-2032

Figure 12: South America Tourism Market Value (US$ Mn) Analysis by Traveler Type, 2017-2032

Figure 13: South America Tourism Market Value Share (%) and BPS Analysis by Traveler Type, 2022-2032

Figure 14: South America Tourism Market Y-o-Y Growth (%) Projections by Traveler Type, 2022-2032

Figure 15: South America Tourism Market Value (US$ Mn) Analysis by Mode of Travel, 2017-2032

Figure 16: South America Tourism Market Value Share (%) and BPS Analysis by Mode of Travel, 2022-2032

Figure 17: South America Tourism Market Y-o-Y Growth (%) Projections by Mode of Travel, 2022-2032

Figure 18: South America Tourism Market Value (US$ Mn) Analysis by Mode of Stay, 2017-2032

Figure 19: South America Tourism Market Value Share (%) and BPS Analysis by Mode of Stay, 2022-2032

Figure 20: South America Tourism Market Y-o-Y Growth (%) Projections by Mode of Stay, 2022-2032

Figure 21: South America Tourism Market Attractiveness by Tourist Type, 2022-2032

Figure 22: South America Tourism Market Attractiveness by Traveler Type, 2022-2032

Figure 23: South America Tourism Market Attractiveness by Mode of Travel, 2022-2032

Figure 24: South America Tourism Market Attractiveness by Mode of Stay, 2022-2032

Figure 25: South America Tourism Market Attractiveness by Country, 2022-2032

Figure 26: South America Tourism Market Value (US$ Mn) by Tourist Type, 2022-2032

Figure 27: South America Tourism Market Value (US$ Mn) by Traveler Type, 2022-2032

Figure 28: South America Tourism Market Value (US$ Mn) by Mode of Travel, 2022-2032

Figure 29: South America Tourism Market Value (US$ Mn) by Mode of Stay, 2022-2032

Figure 30: South America Tourism Market Value (US$ Mn) by Country, 2022-2032

Figure 31: South America Tourism Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 32: South America Tourism Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 33: South America Tourism Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 34: South America Tourism Market Value (US$ Mn) Analysis by Tourist Type, 2017-2032

Figure 35: South America Tourism Market Value Share (%) and BPS Analysis by Tourist Type, 2022-2032

Figure 36: South America Tourism Market Y-o-Y Growth (%) Projections by Tourist Type, 2022-2032

Figure 37: South America Tourism Market Value (US$ Mn) Analysis by Traveler Type, 2017-2032

Figure 38: South America Tourism Market Value Share (%) and BPS Analysis by Traveler Type, 2022-2032

Figure 39: South America Tourism Market Y-o-Y Growth (%) Projections by Traveler Type, 2022-2032

Figure 40: South America Tourism Market Value (US$ Mn) Analysis by Mode of Travel, 2017-2032

Figure 41: South America Tourism Market Value Share (%) and BPS Analysis by Mode of Travel, 2022-2032

Figure 42: South America Tourism Market Y-o-Y Growth (%) Projections by Mode of Travel, 2022-2032

Figure 43: South America Tourism Market Value (US$ Mn) Analysis by Mode of Stay, 2017-2032

Figure 44: South America Tourism Market Value Share (%) and BPS Analysis by Mode of Stay, 2022-2032

Figure 45: South America Tourism Market Y-o-Y Growth (%) Projections by Mode of Stay, 2022-2032

Figure 46: South America Tourism Market Attractiveness by Tourist Type, 2022-2032

Figure 47: South America Tourism Market Attractiveness by Traveler Type, 2022-2032

Figure 48: South America Tourism Market Attractiveness by Mode of Travel, 2022-2032

Figure 49: South America Tourism Market Attractiveness by Mode of Stay, 2022-2032

Figure 50: South America Tourism Market Attractiveness by Country, 2022-2032

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South America Tourism Market