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Post by scumbuster on Aug 1, 2016 17:16:23 GMT -5
As I wrote in the Colombia International Real Estate article about tourism in Colombia, tourism is currently growing exponentially.“ In 2011, international arrivals grew 4.8% over the previous year In 2012, international arrivals grew 5.1% over the previous year In 2013, international arrivals grew 8.8% over the previous year In 2014, international arrivals grew 12.11% over the previous year. In 2015, international arrivals grew 17.25% over the previous year. In 2016, international arrivals grew ….. Source: MinComercio Turismo At its current pace, it was on track to grow 23% this year over last year, due to a number of reasons. The main reason is that Colombia is the most attractive destination in Latin America, but is only just leaving obscurity. It has been overlooked by outdated reasons. The burgeoning middle class, cheap air flights, increased security in remote destinations means more Colombians are getting out and exploring their own country. This means incredibly strong growth in local & international markets. So far in 2016, 1 million more people have flown in Colombia compared to the same time frame last year… and it´s only August. International flights gew 8.3% for international visitors and 5.2% for national visitors. About 52% of the 1.4 million international visitors visit Bogotá, and over 7 million and growing local Colombians visit Bogotá in the same period. It is the reason why we are scrambling to get more properties to satisfy the demand. We have our systems in place and are step by step, growing the finest selection of holiday & vacation rentals in Bogotá. blog.theapartmentbogota.com/en/colombia-story-just-beginning-enter-world-stage/
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Post by makopp5 on Aug 1, 2016 18:18:05 GMT -5
good news for Colombia.
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Post by sedelen on Aug 1, 2016 18:27:33 GMT -5
That's incredible growth, a huge bonanza in it's tourism industry.
Hopefully that will improve some things for us here, like the very restrictive credit card and debit card acceptance from overseas banks it is known for.
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Post by Deleted on Aug 2, 2016 7:45:53 GMT -5
One million visitors will never drive the overall Colombian real estate market. Now, there may be a niche market to cater airbnb style apartments to tourists, that could well be. How is it taxed? What are the current occupancy rates... So many more questions.
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Post by Deleted on Aug 2, 2016 9:36:30 GMT -5
As i have traveled back and forth to Colombia for 15 years from stateside---the past few years 3-4 times a year-- every flight over those years has been 98% Colombian / Latino and maybe 2% Anglo -- Most of these tourists are Colombians returning to visit -- If they say tourism is increasing--they need to say who are the tourists from an ethnic standpoint--(probably racist to do so)
What Anglo wants to sit on the beach in Cartagena and be bothered by the endless revolving door of wares sellers--let alone the sorry water/ surf / and wind which is identical in Corpus Christi, Tx.
or
Put up with Bogota traffic--etc
or
put up with the sorry infrastructure--
Anglo's may go once--- unless chasing women or other happy faces --
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Post by búfalo on Aug 2, 2016 9:38:09 GMT -5
yup
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Post by livinginmedellin on Aug 2, 2016 10:20:08 GMT -5
Sorry total BS in the original post that international arrivals is on track to grow 23% this year.It's more on track for 11% growth. Mincomercio Industria Y Turismo (Mincit) does actually track foreigners visitors vs Colombians living outside Colombia and visiting. See here: www.mincit.gov.co/publicaciones.php?id=16590Click on the latest Mayo 2016 and there is a presentation in Spanish. Slide 10, total foreigners visiting Colombia that are not residents (not including cruise-ships) totaled 980,919 from January to May this year, up 11.2% from the same period last year. Slide 11, foreign tourists visiting Colombia were 868,621 from January to May this year, up only 8.6% from the prior year. Some foreigners visiting are not tourists - i.e. for work. Slide 12, fastest growth for foreign visitors that are not residents were for arrivals in Antioquia (Medellín) - totaled 129,453 from January to May this year, up from 87,764 from the same period last year, so up 47.5%. Second fastest growth was in Bolívar (Cartagena) up 24%, followed by Valle del Cauca (Cali) up 21.4%. Slide 7, foreigners visiting Colombia from the US that are not residents (not including cruise-ships) totaled 198,500 from January to May this year, up 27.8% from the same period last year.
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Post by Deleted on Aug 2, 2016 17:10:09 GMT -5
I think there is an impression that Colombia still attracts only US and EU backpacker type of tourists. The last three years we catered an airbnb apartment in the historic center of Cartagena, we only hosted couples. All very educated tourists between 20-40 years old, almost all were professionals. The amount of requests we received was at least one a day, had to reject lots due to the fact that we needed the cleaning lady in between and we liked to deliver the apartment tidy or we were not there. I think we had 40 visits a year approx. ranging from 2 days min. to 4 weeks. All European, US, Australia, NZ, Argentinian, Chilean, and more countries. My Colombian wife didn´t accept Colombian request.. :-)
They do not come for the beach, but for a romantic trip to the historic center, lots of wedding invitees, Spanish courses, Conventions, etc.. most of them flying into Cartagena and then going further to visit Santa Marta, coffee region, Medellín, Bogota (villa de leyva/zipaquirá), Santander for outdoor activities. If you walk through the historic center or getsemani it is really full of international tourists 365 days, which increases every year.
I think in Cartagena this is mainly due to the jetblue direct flights from NY and West Palm Beach (i think). We also had lots of NY guests coming over for a long weekend and returning. Tourism is certainly booming. The type of "all in" tourism is impossible in Colombia because price/quality/infrastructure is obviously way below f.e. Cancun and Punta Cana.
However, the type of tourism as mentioned above is certainly taking off.
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Post by Deleted on Aug 2, 2016 18:05:16 GMT -5
Mono, feel free to answer or not, if the question sounds too inquisitive. Is your airbnb business completely paying your apartment?
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Post by Deleted on Aug 5, 2016 17:27:16 GMT -5
Mono, feel free to answer or not, if the question sounds too inquisitive. Is your airbnb business completely paying your apartment? No problem to be straightforward. We rented it at the time, unfortunately the landlord now saw the opportunity himself, I think so or it was for his son. At least he said the latter. All in: wifi, rent, cleaning lady, electricity, water was near to 1.800.000COP (600USD) in San Diego. We only had one portable airco in the sleeping room. I think a 65-95 percent occupancy rate 365days a year via airbnb is realistic in this area, especially with building up good recommendations. We asked 65usd per night, lets say approx. 1600USD a month income. Thus approx. 1000USD profit a month. I must say airbnb pays always automatically within 1-2 days on your bancolombia after their arrival, at good rates, never problems. We did it for 2,5 years without any problems from the neighbours, but always scanned the persons via the recommendation option. We would never accept people without reviews, or newbies, without talking to them before, never guys solely or in group, etc.. and even then only accepting foreign couples with a decent introduction I am sure it is possible to reach on an average min. the 65%.
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Post by Deleted on Aug 5, 2016 19:41:15 GMT -5
That's a good first hand experience! Thank you for that! Profitability sounds excellent actually. Of course it is on the most touristic area of Colombia.
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