In short, Latin America’s travel sector is navigating a dual reality. Macro and political volatility persist, yet tourism has become one of the region’s most dynamic engines of growth. Despite uneven conditions, the industry generated US$67.9 billion in gross bookings in 2024. Although this was slightly below 2023, the outlook is bright. Bookings are forecast to rise 17% in 2025 to reach $79.2 billion, setting a new regional record.
For stakeholders across the region, understanding how suppliers are adapting to this environment is essential. Airlines are reshaping their structures, hotels are reactivating investment pipelines, fleets are diversifying and intermediaries are redefining distribution. The result is a more connected, competitive and digitally enabled supplier landscape that will shape Latin America’s next phase of travel growth.
The Latin America travel market includes several key country markets: Mexico, Brazil, Colombia, Chile and Argentina. This report provides market sizing, projections and key segment analysis for the Latin America travel industry through 2028.
The Phocuswright Open Access research subscription gives you company-wide access to all of our expert-driven research reports and interactive data, so your team can identify emerging trends and seize new opportunities faster.
Learn how to get insights from the world’s leading travel industry research authority.
