Due to the departure of Ultra Air and Viva, passenger flow will fall 10.2%

According to Cotelco, the situation of the airlines Ultra Air and Viva Air significantly affected the country’s hotel sector. To date, occupancy does not even reach 50%. that is, 9.3 points less compared to Easter 2022.

Web/LN Writing

) In recent months, the tourism sector has had major setbacks, with inflation that has not reached its ceiling, a constant devaluation of the peso and an increase in taxes that does not stop.

AND Although companies have tried to resist by optimizing costs so as not to transfer the increases to the last consumer, this dynamic finally took its toll on two low-cost airlines, Ultra Air and Viva, which stopped operating in the last month.

According to the Corficolombiana analyst, Juan Camilo Pardo, the fact that these airlines, which represent close to 25% of the market offer, left, will bring about a contraction in the flow of passengers of a 10.2% in 2023 compared to the 1% that would have grown if the Viva and Ultra Air cases had not been filed.

” Its impact on the sector will be heterogeneous. In San Andrés, Cartagena and Medellín, the percentage of the freight market of Viva and Ultra Air was greater than 35%, so we anticipate that its effect in these cities will be stronger”, pointed out the expert in his report.

As a result of this, a chain effect was unleashed that hit the entire sector during the Easter tourist season, time in which millions of Colombians seek to travel.

And it is that for Cotelco, the union of the hotel sector, the impacts derived from this situation are already seen, it has even made the hotel occupancy is only 49.4%, which means a decrease of 2.53 percentage points compared to 2019 and 9.4 percentage points compared to 2022.

With information from: Portfolio


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