, Central America, Panama and the Dominican Republic project historic tourism statistics for 2024

Central America, Panama and the Dominican Republic project historic tourism statistics for 2024

The report on tourism trends for the first half of 2024, presented by the World Travel & Tourism Council (WTTC) in collaboration with ForwardKeys, has unveiled an encouraging outlook, particularly for Central America.

El Salvador stands out as a frontrunner with an astounding 157% growth in arrivals during the first semester, compared to the same period in 2019, before pandemic.

Nicaragua closely follows with a notable increase of 142%, while Guatemala, Honduras, and Costa Rica record growth rates of 52%, 49%, and 35%, respectively.

The surge in demand is also reflected in the passenger capacity of airlines operating in the region, surpassing pre-pandemic levels of 2019 by 16% and reaching a total of 62.3 million seats during the same period.

These positive projections align with estimates from the World Tourism Organization (UNWTO), which anticipates a full recovery of international tourism in 2024, surpassing pre-pandemic levels of 2019 with an estimated growth of 2%.

According to the executive director of ONU Tourism, “Latin America has the potential to turn tourism into its new oil, but it must do so in the medium term and by decisively strengthening the sector through education and a well-structured state plan.”

Additionally, the United Nations Tourism Agency has highlighted in its most recent reports four countries in the region (El Salvador, Guatemala, Honduras, and the Dominican Republic) as destinations with the best performance in 2023.

If you’re in the Tourism industry and you’re considering expanding your business in Central America and the Dominican Republic, we’re here to assist you! Our experts in tourism law will provide you with the legal guidance you need to achieve success in the region.

Contact us today at info@central-law.com and let us be your strategic ally.

Sources: Bloomberg Línea, Estrategia y Negocios, Forbes.

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