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WEEKLY NEWSLETTER
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Chile
Index
A view from the Southern Highway in southern Chile
Courtesy Inter-American Development Bank
Another area of significant new investment is tourism,
which
increased significantly during the 1980s, aided by
government
efforts to promote it both domestically and abroad through
the
National Tourism Service (Servicio Nacional de
Turismo--Sernatur).
More than 1.5 million tourists visited the country in
1992.
Sernatur reported that during 1992 a total investment of
US$320
million in hotel construction had either already been made
or was
under consideration in Viña del Mar, Santiago, Cuenca del
Sol in
Coquimbo Region and the ski resorts of La Parva and Valle
Nevado.
For the 1992-2007 period, more than US$2 billion is
expected to be
invested in tourism infrastructure projects in Chile.
One of the most important tourist destinations is
Coquimbo
Region, about forty-eight kilometers north of Santiago.
The region
is considered to have some of the best beaches and
climatic and
geographic conditions in Chile. A US$505 million project
to develop
330 hectares with nine kilometers of beaches north of
Coquimbo's
capital, La Serena, was awarded competitively to a
Spanish-Chilean
consortium in 1992.
Data as of March 1994
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