The Latino community has been a critical driver of the U.S. economy over the past decade, contributing to substantial growth in various sectors. The 2024 U.S. Latino GDP reached $3.6 trillion, making it the fifth-largest economy globally, just behind Germany and ahead of countries like India, the U.K., and France. It is projected to surpass Japan and Germany by 2027, highlighting the immense economic power and continued upward trajectory of the Latino community in the United States.
Latino-owned businesses are also on the rise, driving innovation and job creation. The Latino contribution is particularly strong in sectors such as manufacturing, retail, and construction. For instance, manufacturing alone added $457.4 billion to the Latino GDP in 2022, a significant 48.4% year-over-year growth
With continued investment in Latino talent and business, the community’s role in the U.S. economy will only grow stronger. Opportunities like hotel ownership can be lucrative areas for investment, aligning with the trend of increasing Latino entrepreneurship and business expansion across various states.
This substantial contribution continues to fill critical gaps left by retiring non-Latino workers. Latino workforce participation remains high, with over 68% of Latinos in the U.S. actively participating in the labor force compared to 62% for non-Latinos in 2022.
The Latino population in the U.S. increased by 23% from 2010 to 2020, solidifying their role as one of the fastest-growing demographics. This increase continues to support overall economic and labor force expansion.
Latino buying power has surged by 293% since 2000, vastly outpacing the 125% growth of non-Latino buying power during the same period. As of 2024, Latino purchasing power stands at $3.78 trillion, reflecting their growing influence as consumers
Latino-owned businesses (LOBs) now number 5.1 million, a figure that represents significant growth in the business sector. LOBs are often younger and contribute heavily to job creation and innovation, particularly in industries like manufacturing, retail, and construction.
(Latino Donor Collaborative)
By the end of this course, participants will clearly understand the hospitality industry’s structure, key metrics used for performance measurement, and industry resources. They will also gain insights into the various departments and their functions within hotel operations.
By the end of this course, participants will have a solid foundation in financial analysis and benchmarking for the hotel industry. They will have the knowledge and tools to make informed financial decisions, optimize performance, and drive profitability in their hotel businesses.
By the end of this course, participants will possess the knowledge and skills necessary to construct a comprehensive investment package for a potential hotel purchase. They will be equipped to make informed decisions regarding the choice of business entity and debt and equity financing.
