Latin America Travel Market Update 2020

Summary

Before the coronavirus pandemic was spreading across the globe, Latin America was struggling with political, social and financial crises that negatively impacted the region's economic health and travel market. Despite these factors, after a significant decline in 2018, regional travel revenue climbed 3% in 2019. COVID-19 will put an end to any further recovery in 2020, with each country suffering revenue declines ranging from 44-63%. This report presents a high-level overview of the Latin America travel market in 2020, including the impact of the pandemic on major players, key segment analysis, and sizing and projections through 2020.