Latin America Travel Market Report 2022-2026

Summary

Latin America’s travel market experienced a second year of strong double-digit growth in 2022, as gross bookings climbed 37% to $48.2 billion, largely driven by domestic and intra-regional travel. While travel interest remains high, the region remains beleaguered by economic crises. As a mobile-first market, Latin America is positioned to see higher online penetration in several segments. While some markets have already exceeded pre-pandemic revenue totals, overall market recovery is expected for 2023, though global economic and political concerns may impact longer-term consumer travel trends.