Interview with Federico Greppi, CFO, Latin America and Caribbean, Marriott

Political risk has increased in Latin America, marked by an anti-establishment change in the region and in the world. It is a tangible risk because it leaves investments on hold during electoral contests. In this interview, Federico Greppi, CFO, Latin America and Caribbean, Marriot, talks about those political shifts and their effects, as well as a financial executive’s work against the risk of cyber-attacks and against culturally accepted practices that are not always beneficial. What are the risks that have grown in importance in recent years and how are you mitigating them? We focus primarily on economic risks, political risk in Latin America, natural disasters risk and security risks. Does that work include physical security? Yes. Against organized crime or […]

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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 […]