Phocuswright report reveals surging growth in Latin American travel market, with Brazil leading.
PHOENIX, AZ – The Latin American travel market is experiencing robust growth, with Brazil leading the charge. According to a new report from Phocuswright, leading travel industry research authority, the region’s travel market expanded for the third consecutive year in 2023, with gross bookings rising 29% to $70.1 billion.
Brazil’s travel industry saw a remarkable 37% jump to $21.8 billion, fueled by growing stability, declining poverty levels, and improving economic conditions under President Luiz Inácio Lula da Silva. The country’s airlines, the largest travel…
