New Market Report: Tourism Flows Outbound in Chile
In 2012 outbound travel and tourism in Chile continued the growth trend started in 2011, as macroeconomic conditions remained very positive in the country. Whilst unemployment reached historical low rates (around 6%), real salaries increased by 5% in 2012, particularly those of middle- to high-income young professionals. This allowed people to have more disposable income to spend on different leisure activities, including travel and tourism. In other words, as people became wealthier they were...
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