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At a glance

Tourism

Tourism contributes significantly to the region’s economy and packs an even bigger punch in small and island countries.

It generates one out of every 10 jobs and attracts approximately 5 percent of total investments. In 2017, Latin America and the Caribbean had over 112 million international tourist arrivals, compared with about 74 million in 2010. As the sector continues to expand at a robust pace, the industry will need new hospitality infrastructure to remain competitive and meet growing demand and evolving consumer preferences, including an appetite for environmentally friendly concepts and destinations that offer unique experiences.

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Our Strategy

Tourism

At IDB Invest, we are looking to expand the tourism agenda in the region because we know that the sector has a profound impact on development.

Tourism creates local jobs, especially for women and youth, and helps to develop a more qualified workforce. In addition to creating direct jobs, new hotels promote the local value chain by spurring indirect job growth among small and medium-sized companies that supply goods and services, as well as among other local businesses, including tour operators, travel agencies, amenity operators and local crafts vendors.

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Three keys for supporting Caribbean tourism after natural disasters

Three keys for supporting Caribbean tourism after natural disasters

Discover three keys to support and improve Caribbean tourism after the hurricanes Irma and Maria, from the private and public sector.

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Shared value takes off

Shared value takes off

How the airport industry can be more sustainable and support the growth of Latin America and the Caribbean region?

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Meet the Expert

Meet the Expert
Rogerio Basso

Rogerio Basso

Tourism Contact the expert