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Latin America registers another record year in arrivals and receipts, with Panama and Uruguay leading growth.

BY JOACHIM BAMRUD

Panama continues to be the fastest-growing tourism market in Latin America, but Uruguay is the winner when it comes to growth in receipts. Meanwhile, the Dominican Republic is the country with the regions highest receipts as a percentage of GDP, according to a Latin Business Chronicle analysis of new data from the World Tourism Organization.  

All in all, Latin America received a record total of 68.6 million international arrivals last year, an increase of 2.9 percent from 2006.  That was lower than the world average of 6.6 percent and the growth seen in all other regions.

Latin Americas tourism receipts, however, grew by 9.7 percent to a record $58.9 billion.  That means Latin America grew faster than all world regions except Asia. The growth was also higher than the world average of 5.6 percent.

WINNERS

Although Uruguay was among the losers when it comes to arrival growth - a mere 0.2 percent to 1.8 million last year - it managed to beat all other...



Keywords: Argentina, Brazil, Central America, Chile, Dominican Republic, Mexico

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