Latin America Business Travel Market Size & Outlook
The business travel market in Latin America is expected to reach a projected revenue of US$ 428.4 billion by 2033. A compound annual growth rate of 7.2% is expected of Latin America business travel market from 2026 to 2033.
Revenue, 2025 (US$B)
$237.3
Estimate, 2026 (US$B)
$262.7
Forecast, 2033 (US$B)
$428.4
CAGR, 2026 - 2033
7.2%
Global Market
Related Markets
Latin America business travel market highlights
- The Latin America business travel market generated a revenue of USD 237.3 billion in 2025.
- The market is expected to grow at a CAGR of 7.2% from 2026 to 2033.
- In terms of segment, solo was the largest revenue generating traveler in 2025.
- Group is the most lucrative traveler segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 237.3 billion |
| Market revenue in 2033 | USD 428.4 billion |
| Growth rate | 7.2% (CAGR from 2026 to 2033) |
| Largest segment | Solo |
| Fastest growing segment | Group |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Group, Solo |
| Key market players worldwide | American Express Company, BCD Group, Booking Holdings Inc, Expedia Group Inc, Corporate Travel Management, Hogg Robinson Group plc, WEXAS Travel, Frosch |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.8% of the global business travel market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,061.1 billion by 2033.
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Publish Date: Jun 29, 2026
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Business Travel Market Scope
Business Travel Market segmentation & scope
Business Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Booking Holdings Inc | View profile | 23,600 | 800 Connecticut Avenue, Norwalk, CT, United States, 06854 | www.bookingholdings.com |
| Expedia Group Inc | View profile | 17,100 | 1111 Expedia Group Way W, Seattle, WA, United States, 98119 | www.expediagroup.com |
| Frosch | View profile | - | - | froschusa.com/ |
| American Express Company | View profile | - | - | - |
| BCD Group | View profile | 101-250 | Hamilton, Waikato, New Zealand, Oceania | www.bcdgroup.nz/ |
| Corporate Travel Management | View profile | 11-50 | Charlotte, North Carolina, United States, North America | goctm.com/ |
| Hogg Robinson Group plc | View profile | 5001-10000 | Basingstoke, Hampshire, United Kingdom, Europe | www.hoggrobinson.com |
| WEXAS Travel | View profile | 51-100 | London, England, United Kingdom, Europe | www.wexas.com |
Latin America Business Travel Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Business Travel Market Outlook will help companies and investors design strategic landscapes.
Solo was the largest segment with a revenue share of 59.92% in 2025.
Horizon Databook has segmented the Latin America business travel market based on group, solo covering the revenue growth of each sub-segment from 2021 to 2033.
- Latin America Business Travel Market Traveler Outlook (Revenue, USD Billion , 2021-2033)
- Solo
- Group
- Latin America Business Travel Market Purpose Outlook (Revenue, USD Billion , 2021-2033)
- Marketing
- Meetings
- Trade Shows/Exhibitions
- Product Launch
- Others
- Latin America Business Travel Market Industry Outlook (Revenue, USD Billion , 2021-2033)
- Corporate
- Government
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Business Travel Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Business Travel Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Business Travel Market, 2021-2033 (US$B)
Latin America business travel market statistics, by traveler, 2021-2033 (USD Billion)
