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.