*The calculation was based on ticket taxes, airport charges, purchasing power parity as well as hotel, fuel, and short-term rental prices.
Further information about the methodology can be found .
Citation formats
Evaluation of the price competitiveness in Latin American destinations 2023
Bolivia and Colombia were the most competitive Latin American travel destinations in 2024, achieving scores above *** out of seven possible points in the Travel and Tourism Development Index. The most competitive country for tourism in Latin America that year was Brazil.
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World Economic Forum. (May 21, 2024). Rating of the price competitiveness of Latin American countries in 2023, based on the Travel and Tourism Development Index [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1126539/price-competitiveness-tourism-latin-america/
World Economic Forum. "Rating of the price competitiveness of Latin American countries in 2023, based on the Travel and Tourism Development Index." Chart. May 21, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1126539/price-competitiveness-tourism-latin-america/
World Economic Forum. (2024). Rating of the price competitiveness of Latin American countries in 2023, based on the Travel and Tourism Development Index. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1126539/price-competitiveness-tourism-latin-america/
World Economic Forum. "Rating of The Price Competitiveness of Latin American Countries in 2023, Based on The Travel and Tourism Development Index." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 21 May 2024, /statistics/1126539/price-competitiveness-tourism-latin-america/
World Economic Forum, Rating of the price competitiveness of Latin American countries in 2023, based on the Travel and Tourism Development Index ÌÇÐÄÆƽâ°æ, /statistics/1126539/price-competitiveness-tourism-latin-america/ (last visited July 27, 2026)
Rating of the price competitiveness of Latin American countries in 2023, based on the Travel and Tourism Development Index [Graph], World Economic Forum, May 21, 2024. [Online]. Available: /statistics/1126539/price-competitiveness-tourism-latin-america/
