Latin America’s Business Travel to Hit USD 63.9 Billion by 2025 Amid Challenges
1. Business Travel Market Outlook 2025
- Business travel spending in Latin America projected at USD 63.9 billion in 2025.
- Growth rate forecast: +3.2% YoY.
- Latin America contributes 4% to global business travel spend of USD 1.57 trillion.
- Announcement made at GBTA Latin America Conference 2025 (Hilton Mexico City Reforma, Sept 24–25).
Table: Business Travel Spend Projections (2025)
| Region | Spending (USD Bn) | Global Rank/Contribution |
|---|---|---|
| Latin America (Total) | 63.9 | 4% of Global Spend |
| Global (Total) | 1,570 | 100% |
2. Country-Level Rankings
- Brazil forecasted at 10th globally in business travel spend (2025).
- Mexico projected to rank 20th globally.
- Other growth markets: Argentina, Peru, Colombia, Chile.
3. Growth Despite Economic Challenges
- Challenges:
- Fiscal deficits
- High debt-to-GDP ratios
- Trade policy uncertainties
- Resilience signals:
- Continued corporate demand
- Positive long-term outlook
4. Travel Trends in Latin America
- Blended Travel:
- 62% of Latin American business travellers combine work + leisure.
- Global average: 59%.
- Professional Importance:
- 88% affirm business travel is crucial for growth and organisational success.
5. Professional Development & Sustainability
- Focus on sustainable travel practices and accessibility.
- Initiatives:
- GBTA WINiT programme (Women in Travel).
- Destination Scholarship for students.
- Corporate strategies adapting to eco-conscious and inclusive travel.
6. Leadership & Industry Recognition
- New GBTA Latin America Leaders:
- Mariana Pérez Ponce de Leon (Northern LATAM).
- Daniel Duarte (Southern LATAM).
- Key conference discussions:
- Geopolitics & travel
- AI in travel planning
- Accessibility in corporate travel
7. Future Outlook
- Business travel in Latin America set to thrive despite economic headwinds.
- Blended travel and sustainability expected to define future strategies.
- Region to remain strategically important in global corporate travel landscape.
Disclaimer
This article is for informational purposes only. The Profit India does not provide investment, financial, or legal advice. Readers are advised to do their own research before making any financial decisions.
