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Tourism

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Tourism has a huge impact in Latin America and the Caribbean (LAC).

 

The sector is of vital importance in LAC, generating one in 10 jobs and attracting 5% of investment. As the number of visitors increases, Latin American and Caribbean countries require new tourism infrastructure to meet the growing demand. However, tourism development requires a strong social and environmental base from which to grow.
Caribbean beach

Challenges and Opportunities

The World Tourism Organization forecasts sustained growth of tourism until 2030. Smaller Latin American and Caribbean countries will benefit the most since the sector's contribution to their economies accounts for, on average, 18% of GDP and 15% of employment. It must be emphasized that tourism has great potential for creating inclusive and sustainable economic growth, for example, as a source of employment for women who occupy 59% of jobs in hotels and restaurants.

In order for the region's tourism development to succeed, it must not only seek the satisfaction of visitors. Indeed, Latin American and Caribbean countries face a major challenge: they must develop tourism infrastructure that can accommodate domestic and international tourists while improving the living conditions of host communities and protecting the environment and biological diversity.

Our Commitment

We design innovative financial products to fill gaps in the financial sector in Latin America and the Caribbean, such as mixed financing for climate change mitigation and adaptation.

 

Our products adapt to the needs of our clients and the markets in which they operate, mitigating risks, overcoming market inefficiencies, and increasing long-term investment.

We support our financial offer with technical advice and insight, making our clients more sustainable and competitive. These services may include energy efficiency, historical heritage, climate risk, and gender equality. We also provide assistance in social and environmental certifications, such as LEED, EDGE, or Stay Well, among others, in order to demonstrate excellence and compliance with global standards.

We not only work with the private sector but also collaborate with governments, local communities, and civil society. The IDB Group has more than 60 years’ experience and 26 offices throughout Latin America and the Caribbean. Our vast experience and presence in the region make us the ideal partner to support your sustainable tourism projects.

Conference room

Our Strategy

We add value to the integral development of projects in the tourism sector in the region.

We work with companies across the entire tourism and accommodation spectrum with a strong focus on social and environmental sustainability. We help them create an ambitious agenda around equality, gender, and sustainability issues. We promote the inclusion of vulnerable groups, such as young people, women, and indigenous peoples. We finance sustainable hotels and climate change resilient infrastructure.

Latest projects

Quasar Expeditions
Iguanatours Cruceros Marítimos S.A., Galpacífico Turs S.A., y Beaglelogistics CIA. LTDA
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Ecuador

Financing amount

$ 9,000,000

More Information
Four Points Georgetown
Caribbean Green Building Inc
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Guyana

Financing amount

$ 11,000,000

More Information
Explora Sustainable Tourism
Explora Chile S.A.
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Regional

Financing amount

$ 23,000,000

More Information
Tropicalia II Sustainable Tourism
Inversiones Costa Elocuente S.A.S, subsidiary of Grupo Cisneros
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Dominican Republic

Financing amount

$ 62,750,000

More Information
Grupo Pinero CV19 Facility
Grupo Piñero
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Regional

Financing amount

$ 120,000,000

More Information
Banistmo - Tourism RSF
Banistmo S.A
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Panama

Financing amount

$ 31,000,000

More Information
GHL CV19 Facility
GHL Grupo Hoteles S.C.A (“GHL” o “la Compañía”)
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Colombia

Financing amount

$ 10,000,000

More Information
Forum Uruguay
Ceripen Trade S.A.
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Uruguay

Financing amount

$ 27,627,300

More Information
Caribe Hospitality WC Facility
Caribe Hospitality S.A. (“CHSA”)
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Regional

Financing amount

$ 5,000,000

More Information
Selina
Selina
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Regional

Financing amount

$ 35,000,000

More Information
See more projects

Blogs and news.

News

01 Jul 2022

IDB Invest, Panama Support Tourism Recovery with Financial Guarantees

panama

Blog

15 Dec 2022

Boosting Sustainable Tourism to Promote Land Conservation

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News

30 Jun 2022

IDB Invest Promotes the Recovery of Nature-based Tourism in Latin America through Explora

torres del paine

News

30 Jun 2022

IDB Invest Promotes the Recovery of Nature-based Tourism in Latin America through Explora

torres del paine
Read our blog

Publicaciones

  • June 2022

    Tourism facing modern slavery: Challenges and opportunities for the hotel sector in Mexico

    See more information
  • September 2020

    Fighting Food Waste in the Tourism Sector Challenges and Opportunities for Latin America, the Caribbean, and Beyond

    See more information
  • September 2018

    DEBrief: The Economic Impacts of Private Tourism-Related Investments in Jamaica

    See more information
  • October 2021

    DEBrief: The Effect of COVID-19 on Firms and Employment in Central America

    See more information
Rogerio

Basso

Head of Tourism, IDB Invest
About
Meet The Expert:

Rogerio is the Head of Tourism for IDB Invest and has over two decades of real estate and hospitality experience. He is responsible for executing the bank's tourism strategy in Latin America and the Caribbean through a variety of financial instruments including debt, mezzanine, and equity investments. Prior to joining IDB Invest, he served as EVP for Terranum Hotels, an owner and operator of hotels across Latin America, and worked for over 11 years at Ernst & Young in Miami, where he was responsible for leading the firm’s real estate and hospitality advisory activities in LAC.

Contact: rogeriob@idbinvest.org
Documents of the Board of Directors

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