Business travel spending in Latin America is expected to grow by 3.2% to USD 63.9 billion in 2025. As a result, the entire region of Latin America, which contains Mexico, Central America and South America, is still relevant on the world travel strategic map despite the continuous economic and commercial problems. Latin America is still expanding, and the region is vitally important to the entire business travel market as it enhances the global business travel spend, currently USD 1.57 trillion, by 4% as per the statistics of the world business travel spending. The region is still a member of the world business travel spend, growing by 1.57 trillion dollars.

The announcement was made at the Global Business Travel Association (GBTA) Latin America Conference 2025, held at the Hilton Mexico City Reforma from September 24–25. The conference highlighted key insights into the industry’s trajectory, and underscored both challenges and growth prospects for Latin American business travel in the coming years.

Business Travel Growth Amid Challenges

Despite the forecasted growth, the region faces a number of significant challenges, including fiscal deficits, high debt-to-GDP ratios, and ongoing uncertainties in trade policies. However, the forecasted rise in spending signals the resilience of Latin America’s business travel sector. Brazil and Mexico, in particular, are expected to rank within the top 20 globally for business travel spending in 2025, contributing to the overall positive outlook for the region.

Brazil is forecast to rank 10th globally, while Mexico is projected to place 20th. The rest of the Latin American countries, including Argentina, Peru, Colombia, and Chile, are also experiencing a rise in business travel activity. This trend reflects the growing demand for corporate travel within the region, despite economic challenges.

Shifting Travel Trends in Latin America

One notable trend observed in Latin America is the rise of blended travel, where a significant portion of business travellers extend their work trips for leisure purposes. According to the GBTA report, 62% of Latin American business travellers combine business and leisure, which is higher than the global average of 59%. This shift aligns with broader changes in travel preferences, as more professionals seek to combine work obligations with opportunities to explore new destinations.

In addition, business travel continues to be viewed as essential for success. A substantial 88% of survey respondents in the region affirmed that business travel is crucial for their professional growth and organisational success. This insight reinforces the idea that business travel not only supports corporate goals but also contributes to fostering stronger professional connections across borders.

Professional Development and Sustainability Initiatives

The GBTA conference also focused on key issues impacting the future of business travel, including sustainability and accessibility. Discussions highlighted how companies can adapt to the evolving travel landscape by adopting more sustainable practices and supporting the growing demand for accessible travel solutions. Furthermore, there was emphasis on professional development through initiatives such as the GBTA WINiT programme for women in travel, and the Destination Scholarship for students pursuing careers in business travel.

Conference Highlights: Leadership and Industry Recognition

The conference provided a platform for important announcements, including the recognition of two new regional leaders within the GBTA’s Latin America division. Mariana Pérez Ponce de Leon and Daniel Duarte, both recognised experts in the field, were officially appointed to lead operations in Northern and Southern Latin America, respectively. Their leadership is expected to drive the region’s business travel sector towards more sustainable practices, fostering collaboration and adaptation to the challenges ahead.

Moreover, the event’s discussions covered various travel-related topics, including geopolitical relations, the integration of artificial intelligence in travel planning, and accessibility within the corporate travel landscape. The insights shared at the conference will play a pivotal role in shaping the future of business travel in the region.

A Bright Future for Latin America’s Business Travel

As Latin America’s business travel spending is projected to rise in 2025, the region is poised to solidify its position as a significant player in the global travel market. Despite ongoing economic challenges, Latin American businesses are recognising the continued importance of travel for professional success. As more travellers seek to blend work with leisure, and with an increasing focus on sustainable travel practices, the Latin American business travel sector is set to thrive in the years ahead.

The GBTA Latin America Conference 2025 shaped the focus of the attendees in terms of fostering innovation as well as regional growth in the sector of business travelling.

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