(WTTC) For every US$10 spent on accommodation, tourists contribute US$45 to other locals

In Latin America and the Caribbean alone, these figures amount to more than 4.3 million stays in 2021 compared to 2019

In the post-pandemic scenario, the way people travel has changed forever. Now, travel is more flexible and longer and, as borders continue to reopen, travellers are immersing themselves in this new era.

These changes represent an opportunity to revive tourism and contribute to the economy of communities after years of travel restrictions. The World Travel and Tourism Council (Wttc) estimates that nearly US$4.5 billion in travel and tourism-related gross domestic product (GDP) was lost last year due to the pandemic. This affected more than 61 million jobs.

In this context, companies like Airbnb are contributing to economic growth in Latin America and the Caribbean. This, through helping people to actively participate in the tourism industry as hosts in new and diverse destinations beyond the popular tourist circuits.

According to Oxford Economics, among the boosts being provided by the tourism industry in the region is increased economic activity, which is occurring not only through increased lodging stays, but also through direct spending on tourism activity.

In Latin America and the Caribbean alone, these figures amount to more than 4.3 million stays in 2021 compared to 2019. This, while guest spending rose to US$16.4 billion in 2021, about 4.9% of all direct tourism activity in the region.

For every US$10 spent on stays, guests spend around an additional US$45 on other businesses during their trip such as restaurants, transportation and other activities.