March 18, 2024
Despite Regional Challenges, Travel Is Resilient in Latin America
LIMA, Peru — Latin America is facing the same macroeconomic challenges as the United States — namely, still-high interest rates hampering real estate transactions and persistent inflation — but travel trends remain resilient. Latin America also has its own set of economic and political challenges that have an impact on travel and tourism development in the region, said Reinier Schliesser, principal economist at CAF, the development bank of Latin America and the Caribbean. Schliesser spoke at the recent SAHIC Latin America & the Caribbean Hotel & Tourism Investment Forum.