South America Tourism Market Outlook (2022 to 2032)
The South American tourism market, whose valuation stands at US$ 320 billion as of 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 American 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 to 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 that are solely dependent on tourism for their economic growth. So, indeed tourism is necessary not only for tourists but nations as well.
South America is one of the most underrated tourist destinations. It is the land of mesmerizing 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 deserts, jungles, or beaches. This is the country which keeps tourists hooked.
Iguazu Falls is located on the border of Brazil and Argentina. These are 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 Buenos 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 to range 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 water sports enthusiasts.
Brazil is another country in the South American continent, which is popular for its scenic beauty, and nightlife. Moreover, the country is famous for its rainforests and savannas.
The Cristo Redentor, which is a gigantic statue of Jesus Christ, is located in Rio De Janeiro, which is the capital of Brazil. The 709-meter statue is something which tourists look forward to visiting. 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, and 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 tourists across the world. Chile also has the reputation of being the most diverse country in South America.
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 on 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 region located in the South of Chile. The exploration through this park can be done via van or 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 on the coast of Central Chile. It is meant for some of the first urban inventions of 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 American 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.
Of all the offerings that are being made by the continent, the demand for the South American tourism market is anticipated to increase.
What is the Regional Outlook for the South America Tourism Market?
The South American tourism market size is expected to expand in the coming days. The countries that have been analyzed 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 American 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 the South America tourism market remains to increase the footfall of 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 the acquisition of VIAJANET in June 2022.
Hostelworld Group launches ‘The Solo System’, a set of social features enabling opt-in travelers 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 to 2020
Forecast Period
2022 to 2032
Quantitative Units
Revenue in US$ Million, Volume in Kilotons, and CAGR from 2022 to 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
Pentravel
CVC Travel
Thompsons
Suretravel
VIAJANET
Hostelworld Group
Harveyworld
IGO Travel
Computravel
LuxuryAfrica
Despegar.
Customization
Available Upon Request
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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 traveler
Tour Group
Package Traveller
By Tourist Type:
Domestic
International
Frequently Asked Questions
What is the Demand Analysis for South America Tourism Market?
Demand for the South American tourism market is likely to grow at a CAGR of 4% through 2032.
What is the Expected Valuation of South America Tourism Market in 2032?
The South American tourism market is expected to be valued at US$ 473.68 billion by 2032.
What is the Market Valuation of South America Tourism Market as on 2022?
The valuation of the South American tourism market is US$ 320 billion in 2022.
Table of Content
1. Executive Summary | South America Tourism Market
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 countries
3.7.2. By Key Countries
3.8. Countryal Parent Market Outlook
4. Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Tourist Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Tourist Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tourist Type, 2022 to 2032
5.3.1. Domestic Tourists
5.3.2. International Tourists
5.4. Y-o-Y Growth Trend Analysis By Tourist Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Tourist Type, 2022 to 2032
6. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Traveler Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Traveler Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Traveler Type, 2022 to 2032
6.3.1. Solo
6.3.2. Individual
6.4. Y-o-Y Growth Trend Analysis By Traveler Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Traveler Type, 2022 to 2032
7. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Mode of Travel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Mode of Travel, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Mode of Travel, 2022 to 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 to 2021
7.5. Absolute $ Opportunity Analysis By Mode of Travel, 2022 to 2032
8. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Mode of Stay
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Mode of Stay, 2017 to 2021
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Mode of Stay, 2022 to 2032
8.3.1. Hotels
8.3.2. Resorts
8.4. Y-o-Y Growth Trend Analysis By Mode of Stay, 2017 to 2021
8.5. Absolute $ Opportunity Analysis By Mode of Stay, 2022 to 2032
9. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Country, 2017 to 2021
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Country, 2022 to 2032
9.3.1. South America
9.4. Market Attractiveness Analysis By Country
10. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 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 Used15. Research Methodology
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List of Tables
Table 1: Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 2: Market Value (US$ Million) Forecast by Tourist Type, 2017 to 2032
Table 3: Market Value (US$ Million) Forecast by Traveler Type, 2017 to 2032
Table 4: Market Value (US$ Million) Forecast by Mode of Travel, 2017 to 2032
Table 5: Market Value (US$ Million) Forecast by Mode of Stay, 2017 to 2032
Table 6: Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 7: Market Value (US$ Million) Forecast by Tourist Type, 2017 to 2032
Table 8: Market Value (US$ Million) Forecast by Traveler Type, 2017 to 2032
Table 9: Market Value (US$ Million) Forecast by Mode of Travel, 2017 to 2032
Table 10: Market Value (US$ Million) Forecast by Mode of Stay, 2017 to 2032
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List of Charts
Figure 1: Market Value (US$ Million) by Tourist Type, 2022 to 2032
Figure 2: Market Value (US$ Million) by Traveler Type, 2022 to 2032
Figure 3: Market Value (US$ Million) by Mode of Travel, 2022 to 2032
Figure 4: Market Value (US$ Million) by Mode of Stay, 2022 to 2032
Figure 5: Market Value (US$ Million) by Country, 2022 to 2032
Figure 6: Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 7: Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 8: Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 9: Market Value (US$ Million) Analysis by Tourist Type, 2017 to 2032
Figure 10: Market Value Share (%) and BPS Analysis by Tourist Type, 2022 to 2032
Figure 11: Market Y-o-Y Growth (%) Projections by Tourist Type, 2022 to 2032
Figure 12: Market Value (US$ Million) Analysis by Traveler Type, 2017 to 2032
Figure 13: Market Value Share (%) and BPS Analysis by Traveler Type, 2022 to 2032
Figure 14: Market Y-o-Y Growth (%) Projections by Traveler Type, 2022 to 2032
Figure 15: Market Value (US$ Million) Analysis by Mode of Travel, 2017 to 2032
Figure 16: Market Value Share (%) and BPS Analysis by Mode of Travel, 2022 to 2032
Figure 17: Market Y-o-Y Growth (%) Projections by Mode of Travel, 2022 to 2032
Figure 18: Market Value (US$ Million) Analysis by Mode of Stay, 2017 to 2032
Figure 19: Market Value Share (%) and BPS Analysis by Mode of Stay, 2022 to 2032
Figure 20: Market Y-o-Y Growth (%) Projections by Mode of Stay, 2022 to 2032
Figure 21: Market Attractiveness by Tourist Type, 2022 to 2032
Figure 22: Market Attractiveness by Traveler Type, 2022 to 2032
Figure 23: Market Attractiveness by Mode of Travel, 2022 to 2032
Figure 24: Market Attractiveness by Mode of Stay, 2022 to 2032
Figure 25: Market Attractiveness by Country, 2022 to 2032
Figure 26: Market Value (US$ Million) by Tourist Type, 2022 to 2032
Figure 27: Market Value (US$ Million) by Traveler Type, 2022 to 2032
Figure 28: Market Value (US$ Million) by Mode of Travel, 2022 to 2032
Figure 29: Market Value (US$ Million) by Mode of Stay, 2022 to 2032
Figure 30: Market Value (US$ Million) by Country, 2022 to 2032
Figure 31: Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 32: Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 33: Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 34: Market Value (US$ Million) Analysis by Tourist Type, 2017 to 2032
Figure 35: Market Value Share (%) and BPS Analysis by Tourist Type, 2022 to 2032
Figure 36: Market Y-o-Y Growth (%) Projections by Tourist Type, 2022 to 2032
Figure 37: Market Value (US$ Million) Analysis by Traveler Type, 2017 to 2032
Figure 38: Market Value Share (%) and BPS Analysis by Traveler Type, 2022 to 2032
Figure 39: Market Y-o-Y Growth (%) Projections by Traveler Type, 2022 to 2032
Figure 40: Market Value (US$ Million) Analysis by Mode of Travel, 2017 to 2032
Figure 41: Market Value Share (%) and BPS Analysis by Mode of Travel, 2022 to 2032
Figure 42: Market Y-o-Y Growth (%) Projections by Mode of Travel, 2022 to 2032
Figure 43: Market Value (US$ Million) Analysis by Mode of Stay, 2017 to 2032
Figure 44: Market Value Share (%) and BPS Analysis by Mode of Stay, 2022 to 2032
Figure 45: Market Y-o-Y Growth (%) Projections by Mode of Stay, 2022 to 2032
Figure 46: Market Attractiveness by Tourist Type, 2022 to 2032
Figure 47: Market Attractiveness by Traveler Type, 2022 to 2032
Figure 48: Market Attractiveness by Mode of Travel, 2022 to 2032
Figure 49: Market Attractiveness by Mode of Stay, 2022 to 2032
Figure 50: Market Attractiveness by Country, 2022 to 2032
