Tourico Holidays touts huge growth in Latin America bookings

Tourico Holidays touts huge growth in Latin America bookings | Tourico Holidays

Tourico Holidays touts huge growth in Latin America bookings
Strong growth was attributed to big increases in source markets.

The Latin American hotel industry continues to grow, this strong growth was attributed to big increases in source markets, such as China, which quadrupled since 2015.

Tourico Holidays has revealed a 45 percent year over year increase in overall hotel bookings in Latin America. Similarly, US bookings for the region were up 47 percent and more than 200 percent in Canada.

“Tourico maintains a very strong inventory and presence in Latin America, but we’ll continue to strike pre-buy deals with hotels in the region, ensuring travel distributors throughout the world have access to the finest inventory at the best rates,” said Gisela Blok, Tourico’s vice president of product in Latin America.

Domestic economies, such as Brazil, are beginning to bounce back, and the overall Latin American market is showing growth with no signs of slowing down. In the meantime, Europe and the United States continue to funnel travelers in the region.

Tourico Holidays works with over 6,000 hotel partners in Latin America alone, including key regional players, such as, Hyatt, Wyndham, Marriott, Hard Rock, Posadas and Barcelo.

To learn more about our increase in hotel bookings, follow Travel Mole and News Cision.

Tourico Holidays reports substantial revenue growth in Europe and Middle East

Tourico Holidays reports substantial revenue growth in Europe and Middle East | Tourico Holidays

Tourico Holidays reports substantial revenue growth in Europe and Middle East
High demand for Tourico’s “ExclusiveDeals”.

Tourico Holidays continues to see growth across Europe and the Middle East, having reported a 300 percent revenue increase in the past five years.

“…after Brexit was announced we forecasted a 30 percent growth in UK room nights…

With over 10,000 hotel partners across the region and a high demand for Tourico’s “ExclusiveDeals,” unique pre-purchased hotel rooms, hotel bookings for EME have increased 25 percent year over year.

“The European, Middle East travel market is one of the most stable in the world and many of its biggest source markets – like the U.S. and U.K. – are actually increasing their demand,” said Mark Redmond, Vice President of the European Region for Tourico Holidays. “For example, after Brexit was announced we forecasted a 30 percent growth in UK room nights. Today, we’re predicting an even greater increase of 41 percent. In such a reliable travel region, we’ve continued to partner with more hotels and now have over 10,000 hotel options in Europe and the Middle East.”

The U.S. accounting for 11 percent of total travel market in the region, UK accounting for another 11 percent, India and Germany each accounting for 5 percent of the total market share.

To learn more about our continued growth in Europe and the Middle East, follow Travel Daily News.