Latin America’s tourism industry continues to lure investors

Interview with Juan Corvinos, Managing Director, Development for Hilton Worldwide in Central America, Andean & Hispanic Caribbean Regions The tourism industry continues to give signs of expansion in Latin America. Latin Trade interviewed Juan Corvinos, Managing Director, Development for Hilton Worldwide in Central America, Andean & Hispanic Caribbean Regions, to learn his views on the hospitality’s industry prospects in the region over the short to medium term. Corvinos is optimistic despite current headwinds in several Latin American countries. In fact, he says Hilton has been and will remain very active in opening new properties. The mega-chain has inaugurated more than 30 hotels in the last 15 months and plans to open 17 more before the end of this year. Only last […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]