A short guide to understand what’s coming with Petro’s government in Colombia

The Ferrari store on 19th Avenue in Bogota, as well as the Toyota store on 127th Street, removed all their vehicles from the display windows, foreseeing a huge explosion of violence announced by the most radical followers of the leftist candidate Gustavo Petro, if he lost yesterday’s presidential elections. The violent wave, which as Latin Trade was able to establish, was indeed ready to be detonated in the Colombian capital, was not unleashed because Petro won with 50.5% of the votes against a controversial businessman and former mayor of the city of Bucaramanga, Rodolfo Hernandez, who got 47.3% of the vote. The electoral abstention of 45% of potential voters was the lowest in 20 years. However, it was still high […]

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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 […]