A snapshot of the entire Latin America travel market in 1 infographic

Latin America's ongoing struggle with its coronavirus response will take a heavy toll on the region's travel market in 2020. Gross bookings, which rose 3% to $57.4 billion in 2019, are forecast to plunge 62%. There remains a high level of uncertainty around travel market recovery. One positive trend across Latin America's travel market is the continued growth of online distribution.

We've taken the key highlights from Phocuswright latest travel research report on the region Latin America Travel Market Report 2020-2024 and put it into an infographic that outlines the state of the market.

(Click image to view a larger version.)

For the complete research overview, download the full report here. This report provides updated market sizing and analysis on the Latin American travel market. Specific coverage includes key player and segment analysis, sizing and projections through 2024, along with an overview of the travel markets in Mexico, Brazil, Argentina, Colombia and Peru.

For access to all of Phocuswright's research reports, like the newly published Travel Market Reports for Europe, U.S. and more, subscribe to Phocuswright Open Access. Not only will you access the entire research library and data visualization tools/database, you will unlock it for your entire company. See the value and benefits here.