Market Report, "Travel Accommodation in Colombia", Published
During 2013 hotel sales increased by 10% in current terms and by1% in number of rooms. This was driven by the tax benefits that still apply for building of new hotels and renovating of existent hotels, exemption from rent tax for 30 years and improvement in the economy and better perception of country's security which attracted business and leisure tourism. In spite of the good results, occupancy rates dropped in 2013 because of imbalanced demand and supply and increase in...
View full press release