The Chilean Tourism Federation (Fedetur) estimated that 1.9 million foreign tourists will arrive in Chile in 2020, compared to 4.5 million in 2019, a drop of 56.4%. This drop would imply a loss of $1.3 billion.
President Sebastián Piñera announced Chile has entered stage 4 of the COVID-19 contingency plan. As a result, as of Wednesday, all of Chile’s land, sea and air borders will close, and entry of foreign people will be denied until further notice.
Chilean fruit traders are resuming their export activities to China, now that the coronavirus outbreak is under control in the Asian country. Recent news shows that exporters expect trade with China to return to normal levels by the end of the month.
Chile's Central Bank reported that during the fourth quarter of last year, the economic activity dropped by 2.1%, accumulating a GDP expansion of 1.1% in 2019. Thus, national activity, hit in the last quarter by the social crisis in October, posted its worst quarterly decline since the second quarter of 2009, when the economy fell 3.3%.
SKY announced that it will cancel 100% of international flights for 10 days, while domestic operation in Chile will be suspended for 50%, due to the spread of the coronavirus. New routes to Bogotá, Punta Cana and Cancún to be postponed.