Latin America Travel Market Report 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.

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 2027.