Latin America is one of the biggest contributors in global tourism, with the number of international trips witnessing a 6% growth in 2013. Brazil is the fifth largest spender on international travel, just behind Saudi Arabia, Australia, China and South Africa. Brazil spent $25 billion on international trips in 2013. In 2016, Brazil’s online travel revenues are expected to reach $10 billion with an annual growth rate of 6%. Online travel sales are growing at a greater pace than total travel sales in Latin America. With an increasing rate of Internet penetration, the online travel sales are expected to rise further in the future. By 2016, Latin America is predicted to be one of the leaders in global online travel sales growth. Latin America is estimated to have witnessed approximately 25% increase in online travel sales in 2014. Get the full story at Trefis Read also "Expedia’s spending spree continues with $270M investment in Decolar"