2nd Latin America & Caribbean Hotels Monitor
As reported in our first issue, the Caribbean continues to show signs of recovery with good gains in RevPAR being made across most markets, particularly in the Dominican Republic, Puerto Rico and the US Virgin Islands. Managing the impacts of new supply is the main theme for Latin American countries, with occupancy levels being hit hardest. Nowhere is this impact being felt more heavily than in Panama, where occupancy levels dipped below 50%. The country alone contributed to over 40% of the total 9,000 new hotel rooms in Latin America. The Ministry of Tourism (ATP) is taking steps to address this imbalance and Whitebridge Hospitality has been working in partnership with ATP to identify ways of boosting room nights.
About WhiteBridge Hospitality
Whitebridge Hospitality is a specialist advisor to investors, developers and operators in the hospitality industry around the globe. We provide investment, operational and planning advice, and guidance in respect of the entire hospitality spectrum, including: hotels, mixed-use developments, conference and exhibition centres, spas, leisure facilities, casinos, visitor attractions and sporting venues. Our uniquely qualified team can provide services throughout an asset's life cycle, from site selection and acquisition, through master planning and feasibility studies, to operator selection, operational and asset strategy advice, to sale and agency services.