Through its Annual Economic Impact Report, it points out that this year the economic contribution of the tourism sector to Latin America's GDP will contribute US$319.5 billion to the regional economy, which is 1.2% above 2019.

Likewise, by the end of 2023, employment levels in the region are projected to reach 17.07 million jobs occupied by the tourism sector, and with this, the 2019 figure would be exceeded by 0.1%.

According to the same report, it is estimated that by the end of 2023, Latin America's tourism sector will represent 7.9% of its total economy.

It should also be noted that in 2022 the sector contributed 7.6% to Latin America's GDP, contributing US$302.6 billion to the region's economy, a 34% growth compared to the previous year.

It also contributed almost 16.4 million jobs, or 7.7% of all jobs in the region. This figure represents an increase of 17.7% compared to 2021.

Julia Simpson, president and CEO of the Travel & Tourism Council, admits that Latin America's travel and tourism sector continues its recovery, demonstrating its resilience and people's enduring desire to travel.

The same report notes that in 2022, foreign visitor spending was US$50.8 billion, a growth of nearly 130% over 2021. Likewise, domestic tourism spending increased by 26.7%, reaching more than 181 billion.

Globally, despite economic and geopolitical difficulties, the Travel & Tourism sector's recovery in 2022 continued gradually, achieving growth of 22% compared to 2021, reaching US$7.7 billion in its contribution to GDP.

Translated by: A.M