ROAD TRIPS TO DRIVE 2021 TOURISM RECOVERY IN LATIN AMERICA AND THE CARIBBEAN
The Mastercard Economics Institute’s new Recovery Insights report indicates that in Latin America and the Caribbean, road trips are strongly rising in popularity.
The report builds on aggregated and anonymous sales activity across Mastercard’s global network to better understand the next phase of travel, its drivers, and its challenges.
This includes the balance between leisure and business, local and long-distance travel, and also between savings and spending. In addition, the report analyses the spending categories that are experiencing an uptick and what this indicates in terms of travel recovery.
Local road trips are becoming a big trend in 2021, as more and more people travel around their country to enjoy smaller places close to beaches and mountains. Among the Latin American countries that are experiencing an increase in spending on such trips (i.e. fuel) are Argentina (+28%), Brazil (+31%), and the Dominican Republic (+39%), compared to January 2019.
Pre-pandemic booking levels, in Latin America, have been surpassed by travellers from the Dominican Republic (+29% of air spending); Mexico (+35%) is experiencing a similar situation and Colombia is also experiencing a significant uptick (+12%).