Pointing to risks associated with slower-than-expected economic growth in 2023, the Inter-American Development Bank (IDB) said policy makers for heavily tourism dependent economies in the region need to account for the possibility of a slowdown in travel demand. The IDB in its Latin American and Caribbean Macroeconomic Report 2023 projected regional economic growth of just one percent
MADRID, 23rd November, 2022 (WAM) – An estimated 700 million tourists travelled internationally between January and September, more than double (+133%) the number recorded for the same period in 2021. This equates to 63% of 2019 levels and puts the sector on course to reach 65% of its pre-pandemic levels this year, in line with UNWTO scenarios. Results were boosted by strong pent-up demand, improved confidence levels and the lifting of restrictions in an increasing number of destinations.Highlighting the speed at which the sector has.