Hotel industry revenue in Latin America 2029

Over the last two observations, the revenue is forecast to significantly increase in all regions. From the selected regions, the ranking by revenue in the 'Hotels' segment of the travel & tourism market is forecast to be lead by South America with 20.15 billion U.S. dollars. In contrast, the ranking is trailed by Central America with 0.68 billion U.S. dollars, recording a difference of 19.47 billion U.S. dollars to South America.

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Revenue of the hotel industry in Latin America from 2022 to 2029 (in billion U.S. dollars)

Characteristic	South America	Mexico	Central America
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Special properties

only continental Latin America; including Belize, Guyana, and Suriname; reflecting market impacts of Russia-Ukraine war

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Hotels market includes hotels and professionally-run guest houses. These accommodations can be booked directly via the providers website, through a tour operator, a travel agency, an online travel agency (OTA), or by telephone.

Additional Information:

The main performance indicators of the Hotels market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues. Users represent the aggregated number of guests. Each user is only counted once per year. Well-known providers are Hotels.com, trivago, and Booking.com.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

For further information on the data displayed, refer to the info button right next to each box.

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