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Areas of Action

Investment in tourism innovation in Latin America and the Caribbean

Innovative forms of tourism are emerging, based on new consumer requirements and the intensive use of information and communication technologies. The IDB supports innovation in the design and implementation of tourism policies, as well as the adoption of new technologies and knowledge management and transfer in order to increase the performance and the efficiency of the overall tourism sector.

The projects we finance support the design and development of new tourism products, market intelligence, education and training systems, and e-marketing strategies.

The Multilateral Investment Fund, the autonomous fund of the IDB, complements these efforts through the creation and promotion of clusters of tourism businesses, particularly those involving micro, small and medium-sized companies.

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