Latin America’s tourism economy is steadily progressing

Published on : Saturday, December 9, 2017

Latin America’s tourism economy is steadily progressing The tourism of Latin America is gaining the economical prospect and for this Americans can celebrate a good year for international travel and tourism.



The outbound travellers of Latin America went on more international trips in the first eight months of 2017.




The number of outbound trips for the people of Latin America grew by 5 percent and hence even exceeded the initial forecast of 3 percent that was made at the beginning of this year.




There was a 6 percent rise in holidays, which comprise over 70 percent of all international trips by travellers from the region, but a 7 percent decline in visits to friends and relatives.



The reasons for this economical development are among others the tensions with the United States of America, particularly when looking at the Mexican outbound travel market, which usually includes a higher share of trips for visiting friends and relatives.




But the tourists from Latin American went on different kinds of international holidays this year. The highest growth rate in travel and tourism business within the holiday segment can be seen for holidays in the countryside, nevertheless the segment only accounts for less than 5 percent of the total holiday market.



In comparison, the city trips and tour holidays, which each make up around 25 percent of the total holiday market, could also register high growth rates. In contrast with the situation, the number of international sun and beach holidays declined by 2 percent.



This development in the year 2017 from Latin America looks likely to be consolidated next year.



According to IPK’s Travel Confidence Index forecasts slightly higher growth of 6 percent in Latin American outbound travel in 2018.




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