The travel market of Peru has continued to grow in 2023, but to a lesser extent than in 2022. However, it is still a long way from reaching pre-pandemic levels, especially with regard to the arrival of foreign tourists.
Airline services have continued to grow in 2023, but to a lesser degree than in the previous year. The significant growth that was experienced in 2022 thanks to the greater desire of tourists to visit various Peruvian destinations was strongly affected by the social upheaval that occurred in December of that year and lasted until March 2023.
The hotel industry has been recovering during 2023 thanks to the greater dynamism of tourism. However, it was also affected by the social upheaval that occurred from December 2022 to February 2023 that impacted the access of tourists to southern cities, so hotels had to operate with a low level of occupancy or in some cases they had to close temporarily while the situation was unsafe.
Travel agencies have seen important growth in their sales in 2023, although less than in 2022 due to the social convulsion in the southern cities, as well as rain and flood problems in the north, all of which affected the performance of tourism in general, and especially offline travel agencies, in the first quarter of 2023 and that gradually normalised as the overall situation returned to normal.
Tourist flows are expected to recover gradually during the forecast period, with outbound departures recovering first. This is because travel from Peruvians going abroad has remained dynamic as it has been possible to travel since the pandemic because foreign destinations are accessible and there have been no problems for their continued growth considering that travellers have wanted to resume vacations after the long confinement that they had to endure due to the pandemic.
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Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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