Colombian tourism is strongly affected by the rise of the dollar. Anato

He dollar in Colombia, he restarted his career in the ascent of its value. According to the control that the Sotck exchange, the intraday price (from February 16) touched the limits with 5000 pesos, which means that the increase in the price is one of the highest in recent weeks. One of the sectors most affected by this fluctuation is the tourismonly comparing the Representative market rate from 2023 to 2022, a Colombian who wants to travel to countries like UNITED STATESit can be 25% more expensive.

The reasons and factors why the dollar still has this escalation, for some experts it has to do with the so-called “balcony effect”, referring to the statement of the president Gustavo Petro on past reforms. The problem with travel is that these companies are fixed by US currency.

although between Colombia Most transactions are made in pesos, for foreign tourists or for compatriots who want an international destination, it is mandatory to calculate the budget in dollars.

Tourism can be favored by the price of the dollar.  They expect more foreigners in the country.  GlobeLiveMedia colombia
Tourism can be favored by the price of the dollar. They expect more foreigners in the country. GlobeLiveMedia colombia

This situation of rising prices should be taken advantage of by hotels, destinations or tourist attractions, among many other spaces or jobs that depend on visitors. This was explained by the executive president of the Colombian Association of Travel and Tourism Agencies (Anatomy), Paula Cortés Calle:

“The strong fluctuation of the dollar has generated an environment of uncertainty which has affected the prices of products and services, as well as the supply and negotiation capacities with international suppliers, for which we see a stabilization of the exchange rate with more moderate variations as very favorable.”

It should be noted that according to Economy Tracking Indexpresented by the National Administrative Department of Statistics (DANISH), cultural and entertainment activities, as well as tourism and all that derives from it, has been one of the main promoters of the Gross domestic product in 2022, they contributed nearly 38% of the indicator.

A Bogotá - New York flight, with the dollar estimate, can be 25% more expensive if the TRM of 2022 is compared to that of 2023.
A Bogotá – New York flight, with the dollar estimate, can be 25% more expensive if the TRM of 2022 is compared to that of 2023.

At the beginning of 2022, the Representative market rate He pegged the dollar at the $4,000 line, sometimes more or less, but due to economic dynamics, in 2023, the North American currency has been at the $5,000 line. This difference of one thousand pesos translates into a 25% increase. This latter value should then be applied to anything purchased with US currency.

This exercise made The Republic, although with different values. fixing the MRT for Feb. 15, 2022, it pegged the dollar at $3,938. At the end of this same date, but in 2023, the reference estimates it at 4,783 pesos.

This variation represents an increase of 23%, and this is reflected, for example, in the purchase of plane tickets. To take a reference: a flight Bogotá new York on average $761. In 2022 it was equal to almost 3 million pesos, to date it is 3,639,876 dollars.

Tourism will be the key to the energy transition
Tourism will be the key to the energy transition

Let us remember that the tourism is one of the key sectors for the energetic transitionin the sense that the national government plans to recover the money that will not be received for the export of hydrocarbons, with this economic activity.

“Basically, by the end of this year and even by the four-year period, we need to sell between 6% and 13% in order to achieve the target that the national government wants. We expect to record growth of around 10%, in order to meet the expectations we have in terms of arrivals of non-resident visitors, departures of Colombians abroad, air traffic and currencies, which we will hopefully close at $7,716 million in 2022. We hope that with this year’s figures, we can reach 2026 with around 8 million foreign visitors to our country,” Anato’s executive chairman said in an interview with GlobeLiveMedia.

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