Latin America’s Business Travel Set for Growth in 2025
Published on September 28, 2025
Business travel in Latin America is on the rise, with spending expected to grow by 3.2% to reach $63.9 billion in 2025. This growth indicates that, despite ongoing economic challenges, Latin America remains an important part of the global business travel landscape. The region plays a significant role in the overall business travel market, which currently stands at $1.57 trillion, contributing to a 4% increase globally.
This announcement was made during the Global Business Travel Association (GBTA) Latin America Conference 2025, held at the Hilton Mexico City Reforma from September 24-25. The conference focused on the future of business travel in the region, discussing both the hurdles ahead and opportunities for growth.
Challenges with Growth
Although spending is set to increase, Latin America faces challenges such as high debt and uncertain trade policies. Yet, the projected growth highlights the resilience of the business travel sector. Notably, Brazil and Mexico are expected to rank among the top 20 countries globally for business travel spending in 2025, with Brazil at 10th place and Mexico coming in at 20th. Other countries in the region, like Argentina and Colombia, also show an uptick in business travel activity.
Blending Business and Leisure Travel
A key trend in Latin America is the growing popularity of blended travel, where business trips are extended for leisure. A report from GBTA found that 62% of business travelers in the region combine work and leisure, exceeding the global average of 59%. This shift reflects changing preferences, as professionals increasingly look to explore new locales while conducting business.
Additionally, an impressive 88% of survey participants in Latin America believe that business travel is essential for their career growth and the success of their organizations. This view underscores the vital role of travel in building professional relationships.
Focus on Sustainability and Development
The conference also addressed pressing issues like sustainability and accessibility in business travel. Discussions centered on how companies can adopt eco-friendly practices and meet the rising demand for accessible travel options. Initiatives such as the GBTA WINiT program for women in travel and the Destination Scholarship for students aspiring to work in business travel were also highlighted.
Leadership Changes within the Industry
During the event, two new leaders were introduced for the GBTA’s Latin America division: Mariana Pérez Ponce de Leon and Daniel Duarte. Both are recognized for their expertise and are expected to steer the region towards sustainable business travel practices while fostering collaboration to tackle upcoming challenges.
The conference featured a range of topics, including the impact of global politics on travel, the role of artificial intelligence in planning, and enhancing accessibility in corporate travel. The insights gained will help shape the future of business travel in the region.
A Promising Future Ahead
With an anticipated rise in business travel spending in 2025, Latin America is set to strengthen its position in the global travel market. Despite economic difficulties, businesses in the region understand that travel remains crucial for success. As more professionals look to mix work with leisure and prioritize sustainable travel, the Latin American business travel sector is optimistic for the coming years.
The GBTA Latin America Conference 2025 served as a key event for promoting innovation and growth within the business travel industry.
