The Project
The Project
Join us in our dream of creating a small paradise of nature and tranquillity in the middle of the most attractive area of Colombia.
Why investing in Colombia's Tourism Industry?
It is safe to say that the tourism industry in Colombia was prospering before the Covid-19 pandemic hit. The Tourism Competitiveness Index, a measurement of the factors that make it attractive to develop business in the travel and tourism industry of individual countries, of 2019 (TTCI) awarded Colombia with a score of 4.0 out of 6. This was a significant increase in comparison to 2017, when the TTCI score was 3.83. 4.0 is also the highest TTCI score ever recorded for Colombia, and brought it close in ranking to famous tourist destination Peru, scoring 4.2. (Belgium scored a 4.5 as a point of reference).
Obviously, 2 years of Covid-19 pandemic (2020-2021) had an impact on Colombia and its economy. The country only reopened its borders for foreign visitors as from December 14th, 2021.
However, there is very little reason to be concerned about this when you have a closer look at Colombia’s tourism trends of the last 10 years, and the predictions for the coming years.
Past Years:
- Domestic overnight stays rose 39% over the last 10 years, while international visitation expanded even with 196%. Colombia’s share of global travel has increased, with notable gains in travel from European markets (from 0.3% of long-haul travel to 0.8%) as well as gains in South American intra-regional travel.
- The end of armed conflict and the final 2016 accord between the government and the main armed opposition group, the FARC, were key to strong growth in Colombia’s tourism industry.
- In 2019, domestic and international visitor spending directly contributed US$5.9 billion to Colombian GDP and supported a US$15.7 billion total impact, including indirect and induced impacts.
- The Colombian travel and tourism industry represented 5% of total GDP in 2019 and it has experienced consistent growth between 2010 and 2019.
- Currently, Travel&Tourism is the second most important industry of Colombia (with regards to the total amount of income generated to the country), just behind the mining-energy industry.
Expectations
- Overnight visits to Colombia are set to exceed 2019 levels by 2023, reaching a total of 14.5 million.
- The recovery in travel and tourism’s total contribution to GDP will accelerate into 2021 and is expected to grow 59%.
- By 2024, the contribution to GDP will exceed the numbers of 2019, and continue to steadily grow to a US$21.5 billion total in 2028.
This makes it clear that Colombia’s tourism offer is growing which comes as no surprise given its natural and cultural wealth, and remarkable efforts put in tackling significant challenges in infrastructure trends, competitiveness, and tourism sustainability.
The current president of Colombia, Gustavo Petro, has mentioned several times that the Tourism Industry will be a key player of his development plan.
He makes special emphasis in promoting a sustainable tourism, with special care for the environment. A responsible and nature oriented tourism will be therefore the key drivers of his program.
His goal is to continue developing the tourism industry in Colombia so that at the end of his government (in 2026), the country will be receiving 15 million tourists per year (in 2019 this figure was 4.5 million).
Why Investing in Reverie?
Investing in Reverie is a unique opportunity due to the following reasons:
– It is part of growing industry: you will be investing in a project that is part of one of the most attractive industries: Travel & Tourism. Current trends, estimations form experts and the rapid recovery after Covid-19, show that now is the right moment to invest in this industry.
– It located in the right place: the coffee zone of Colombia is the ideal place to invest. It is an area that has remained safe and away from major conflicts for decades. Thanks to the success of Coffee Industry, general infrastructure in this area is of better standards than in most of the country. It is a prosperous region with qualified and hard-working people. Click here to read more about the attractiveness of the Coffee Zone for tourism projects.
– It is strategically aligned with global trends and governmental plans: Reverie is a project based on eco & nature tourism. It is a place to connect with the surrounding nature and enjoy the amazing variety of bird species of the region. It is a boutique and small scale, luxurious accommodation. Away from the masses and with deep social impact. This concept is totally aligned the world-wide tourism trends and with Colombia’s plans for the near future.
– A winning team:
Promotor and Operator
With more than 7 years of experience in the Travel Industry, Lulo Colombia Travel is the promotor and the operator of Reverie. Daniel Restrepo and Charlotte Versmissen are the brains and hands behind this travel agency. Click here to read more about Lulo’s Team.
Developer
With more than 40 years of experience developing small and mid-size real-state projects, Ernesto Restrepo is the person in charge of the construction project.
Architect
Juan Francisco Panesso (also known as Tito), is an award-winner young architect. His style and architectural vision make him the perfect fit for the project. Click here to see some of his works and awards.
Interior Designer
Merel De Haes, from Studio Binnekyk, is an internationally renowned interior designer who shines both at the drawing board and on the worksite. She carefully helped us select the unique touch and design for our Reverie. Click here to see more of her work.
Operations Advisor
Key33 is a Latin American hotel and rental real estate operating company. With more than 30 years operating hotels, they are the right advisors for Reverie.
Financial Advisor
Black Horse is an expert company in the development of real estate projects, including the tourism industry. Together with Key33 they provide operation and financial advices to Reverie.
Project Phases and Expected Timeline
Preoperatives
- Feb 2022: Purchase of Plot
- December 2022: Construction Licenses Received
Phase # 1
- January 2023: Start Construction
- August 2024: Opening Reverie
– 2 cabins
– Entry Road
– Parking Lot
– Phase# 1 Social Area
– Hosts’ house
– Staff’s house
Phase # 2
- February 2025: Construction of 4 Extra Cabins
- June 2025: Opening New Cabins
Phase # 3
- July 2026: Construction Begins of Casa Reverie
- June 2027: Opening of Casa Reverie
– Main Guests’ House
– 8 Rooms
– Gourmet Restaurant
– Phase 3 Social Area
– Terrace
– Swimming Pool & Jacuzzis
Phase # 4
- February 2028: Construction of 4 Extra Cabins
- June 2028: Opening New Cabins