Latin America, Caribbean Beat Expectations for Travel Recovery

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March 15. During the worst of the pandemic-induced travel downturn of 2022, the widely held belief among hotel industry forecasters was that Latin America would be among the slowest global regions to recover from the crisis.

But the reality has been the exact opposite, with leisure travel fueling a boom for hotels across Latin America and the Caribbean, according to experts speaking at the SAHIC Latin America & The Caribbean conference.

Speaking during the “Economic Outlook for Latin America and The Caribbean” session, Adriana Arreaza, director of macroeconomic studies for CAF — Development Bank of Latin America, said the region has clearly surpassed economic projections.

Source: CoStar

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108820cookie-checkLatin America, Caribbean Beat Expectations for Travel Recovery