Hotel sector records declines in revenues and staff in October

Colombia's hotel sector saw a 3.5% drop in real revenues in October, driven by a 32.8% decline in the Pacific region. While real wages rose 3.3%, occupied personnel fell 1.8% nationally. Cotelco calls for policies to boost tourism competitiveness.

The National Administrative Department of Statistics (DANE) released the results of the Monthly Accommodation Survey (EMA) for October 2025, highlighting challenges in Colombia's hotel sector. Real revenues dropped 3.5% compared to October 2024, with the Pacific region posting the worst performance since the pandemic, a 32.8% decline reminiscent of the 48% fall in February 2021. In contrast, the Golfo de Morrosquillo and Sabana area showed the strongest growth, up 10.3% in revenues.

Occupied personnel nationwide fell 1.8%, with San Andrés and Providencia contributing -0.08 percentage points to the decline. Only Golfo de Morrosquillo and Sabana (+3.1%) and Bogotá (+1.6%) reported increases. José Andrés Duarte, president of Cotelco, stated: “The EMA figures confirm that the accommodation sector, where the vast majority are small and family-run establishments across the national territory, faces a challenging year, with drops in revenues, employment, and occupancy in several regions of the country”.

Real wages were the only bright spot, rising 3.3% for the sixth consecutive month. Llanos Orinoquía declined 0.7%, while the Amazon region led with +9.5%, and the Caribbean coast contributed 1.4 percentage points. Duarte added: “This behavior requires strengthening policies on competitiveness, tourism promotion, and formalization to protect jobs and ensure the sustainability of an activity key to regional economies”.

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Realistic image of a Colombian factory with workers and growth statistics highlighting 1.9% manufacturing production rise.
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Colombia's manufacturing production grows 1.9% in October

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Colombia's National Administrative Department of Statistics (Dane) reported that manufacturing production rose 1.9% in October 2025 compared to October 2024. Manufacturing sales grew 2.4%, and employed personnel increased 0.7%. Bruce Mac Master, president of Andi, highlighted sectoral heterogeneity and the importance of the year's final months.

The National Administrative Department of Statistics (Dane) revealed that the Economic Tracking Indicator (ISE) grew 3.1% in November 2025 compared to the same month in 2024, marking 18 consecutive months of positive growth. However, the manufacturing sector showed limited progress with 0.7% production growth, while sales fell 0.4%, and retail commerce rose 7.5%. Overall industrial production varied by 1.7%, driven by electricity supply.

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Dane reported that Colombia's unemployment rate in October 2025 was 8.2%, the lowest for an October since 2017, with 2.1 million people unemployed. This marks a drop of 0.9 percentage points from October 2024. However, Andi warned about the rise in labor informality amid job creation.

Following projections of around 5.2% for year-end 2025, Colombia's National Administrative Department of Statistics (Dane) reported actual annual inflation of 5.1% for December 2025, down 10 basis points from December 2024. This below-expectation figure underscores persistent pressures in housing, services, and food amid minimum wage hikes, as the central bank eyes interest rate moves.

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Following stalled talks where unions demanded a 16% rise and businesses warned of economic risks, President Gustavo Petro decreed on December 30 a 23% increase in Colombia's 2026 minimum wage, to 1,750,905 pesos plus 24.5% higher transportation aid of 249,095 pesos, totaling 2 million pesos monthly. The hike benefits 2.4 million formal workers and aims for an ILO 'vital wage,' but prompts debate on inflation, SME impacts, and competitiveness.

Argentina's industrial capacity utilization dropped to 57.7% in November 2025, the lowest since March, according to INDEC data. The textile sector plummeted to a historic 29.2%, with business owners warning of mass closures and job losses due to trade openness and lack of internal demand.

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The Economist magazine ranked Colombia fourth among 36 OECD economies with the best performance in 2025, tying with Spain. This recognition highlights the country's strong economic growth and thriving stock market. President Gustavo Petro celebrated the achievement, crediting it with attracting global investors.

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