The supplier shift powering Latin America’s travel growth
🌎 In 2024, Latin America's travel sector generated US$67.9 billion in gross bookings, slightly below 2023 levels. However, bookings are projected to grow 17% in 2025, reaching a record $79.2 billion. Key markets include Mexico, Brazil, Colombia, Chile, and Argentina. The region's suppliers, including airlines and hotels, are evolving to become more connected and competitive, adapting to macro and political volatility. This trend is set to shape the future of travel growth in Latin America.
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