1、JUNE 2024Unlocking Opportunities For Travel&Tourism Growth In Latin AmericaIn partnership with:TRAVEL&TOURISM GROWTH IN LATIN AMERICA2Contents 12Travel&Tourism Investment5The Economic Value4Introduction12Environmental&Social Impact15Travel&Tourisms Social Impact16The State Of Connectivity21Opportuni

2、ty:Investment In Tourism Infrastructure18Tourism Promotion20Challenge:Infrastructure23Challenge:Unemployment&Skills Shortages24Opportunity:Upskilling And Recognition Of Informal Skill Development 25Challenge:High Taxes And Fees26Opportunity:Smart Taxation Policies 27Challenge:Environmental Sustainab

3、ility28Opportunity:Nature Positive Tourism30Unlocking The Opportunity31Conclusion32Acknowledgements34ReferencesTRAVEL&TOURISM GROWTH IN LATIN AMERICA3Foreword Latin America is a vast region,stretching from the balmy Gulf of California,along the northwestern coast of Mexico,to the frigid Cape Horn in

4、 southern Chile.It is home to more than half a billion people and among the most culturally and linguistically diverse regions in the world,with over 400 languages spoken and over 100 UNESCO World Heritage sites.It is no surprise,then,that the region attracts tens of millions of travellers every yea

5、r that frequent the regions cities,beaches,mountains,and ancient sites to explore history,discover fascinating wildlife and biodiversity,and experience new cultures.Nor should it come as a surprise that the economic contribution of Travel&Tourism to the region is great.Our report shows that,last yea

6、r,it added$629 billion in GDP to the regions economy,or 9.6%of the total.It supported 24.7 million jobs,too,or 9%of all employment.In 2024,we can anticipate even more growth,as the regional sector rebounds strongly from the COVID-19 pandemic.The global shutdown was devastating,of course,particularly