2022, the Year of the Tourism Reconstruction in Latin America and the Caribbean

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May 26. Based on an analysis of public travel data2 as well as aggregate and anonymous sales from the Mastercard network3, the report highlights the core elements of travel. The main conclusions – until April 2022 – include:

Travel recovery has been a key area for most of the pandemic. At the end of April, global leisure flight bookings exceeded 2019 levels by 25%; bookings for short- and medium-haul leisure flights increased by 25% (70% in LAC) and 27% (69% in LAC), respectively. Additionally, global business flight bookings surpassed pre-pandemic levels for the first time in March this year. In Latin America and the Caribbean, short-haul travel has fully recovered by early 2021, and long-haul has yet to fully recover.

The most recent spending levels reflect a greater acceptance of group travel. Global cruise spending rose 62% from January to the end of April, although it remains below 2019 levels. Buses are back to pre-pandemic levels, while trains remain 7% below. Travel by car retains its charm, with spending on tolls and car rental rising by almost 19% and 12%, respectively.

For nearly an entire year, international tourists spent more on experiences than souvenirs. Spending on experiences is now 34% above 2019 levels; the areas registering the largest increases are bars and nightclubs (72%) and amusement parks, museums, concerts and other recreational activities (35%). In Brazil, spending on experiences was up 40% compared to 2019, while spending on stores and fairs was down more than 11%.

Source: Travel 2 Latam

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124190cookie-check2022, the Year of the Tourism Reconstruction in Latin America and the Caribbean