The recovery of the travel and tourism sector is slower in Latin America compared to the rest of the world. While the global sector will grow 30.7%, the region will see an advance of 26%, according to a joint study by the World Travel and Tourism Council (WTTC) and Oxford Economics.
“The slowness in easing travel restrictions and vaccination processes, as well as the lack of standardization of health protocols, has prevented a further recovery of the sector,” said the WTTC in a statement.
At the global level, the sector’s contribution to the total Gross Domestic Product fell 49.1% during 2020, while in the Latin American region the contraction was around 42 percent.
Julia Simpson, CEO of the WTTC highlighted that domestic travel gave a boost in the short term, giving oxygen to local economies, for example, in Mexico, where the recovery during the summer of 2021 was 86% compared to 2019 levels.
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