Hotel industry in Latin America - statistics & facts
Latin American countries are visited by growing numbers of tourists every year. For that reason, the region represents an attractive opportunity for hotel companies as this industry recovers from the impact of the coronavirus (COVID-19) pandemic. For instance, after the 70 percent drop in revenue in 2020 and the still modest recovery in 2021, the Latin American hotel industry is expected to experience a significant growth in 2022 and surpass pre-pandemic levels by 2024.
