Latin America Travel Market Data Sheet 2023-2027

Summary

Latin America’s travel market continued its recovery in 2023, with gross bookings rising 29% to $70.1 billion, driven by a robust rebound in domestic and international tourism. Mexico and Brazil continue to dominate in the region, accounting for over 75% of the market. Online bookings rose markedly, as consumer demand for digital travel planning soared across the region. The hotel and airline sectors led growth, and as Latin America’s internet access and e-commerce capabilities expand, the market is poised for further digital gains through 2027 despite ongoing economic and political challenges.

This data sheet provides quick and easy access to updated Latin America travel market sizing data and projections from 2021-2027, including online and total markets, segments and major distribution channels. Much of the data included here, along with expanded analysis, is also featured in Phocuswright’s Latin America Travel Market Report 2023-2027.