Hotels in the Central/South America region reported positive results in the three key performance metrics during July 2017, according to data from STR.U.S. dollar constant currency, July 2017 vs. July 2016Central/South America
Hotel Santiago opens today under Mandarin Oriental Hotel Group management, following the Group"s announcement in May. Formerly the Grand Hyatt Santiago, the property will undergo an extensive guestroom and public area renovation, the first stage of which is scheduled for completion in the third quarter of 2018. The hotel will remain open throughout the period, and is now accepting reservations. This is the Group"s first property in South America.
The Southern Cone, which is comprised of Argentina, Brazil, Chile, Uruguay, Paraguay and Bolivia, is another region identified to present strategic opportunity for Marriott, with the new local foothold acquired through the recent Starwood acquisition. Currently, Marriott International operates 12 hotels in Argentina under the Sheraton, The Luxury Collection and Tribute Portfolio brands. In addition to the Recoleta Grand, A Tribute Portfolio Hotel, which is slated to open in 2019, Marriott recently announced its expansion of the Sheraton Hotels’ brand in Argentina with a new-build Sheraton Greenville Polo Resort in Buenos Aires, destined to become the tenth Sheraton property in the country.
Mandarin Oriental Hotel Group has announced today that it has signed a management contract to manage, and ultimately brand, a 310-room hotel currently operating in Santiago, Chile. The Group will take over management of the property from August 2017, and rename it Hotel Santiago. Following an extensive guestroom and public area renovation, the first stage of which is scheduled to complete in August 2018, the hotel will be rebranded Mandarin Oriental, Santiago. This will be the Group's first property in South America.
Hilton (NYSE: HLT) and Parque Arauco S.A. today announced the signing of a management agreement to operate a new build 401-room Hilton hotel in Santiago, Chile - bringing the company's flagship brand to the country. Hilton Santiago Las Condes will form part of the Parque Arauco Kennedy Shopping Mall complex expansion project scheduled to begin construction next year and debut in 2021. The project, owned and developed by Parque Arauco S.A., will include a Convention Center, new retail outlets, 700 parking spaces and the Hilton managed hotel.
Radisson Blu recently opened its first location in Chile. The opening of the Radisson Blu Santiago La Dehesa follows Radisson Blu Sao Paulo and Radisson Blu Belo Horizonte, Savassi in Brazil, which opened earlier this year.
Almost 4,500,000 international visitors arrived at Chile in 2015, which indicates an important growth of 22% compared to 2014, and a record number of overseas visitors during the last years. Regarding average occupancy rate, during 2015 an occupancy rate of 41% was registered at the national level, according to INE, which represented 1.38 points of growth (pp) in comparison with 2014. In this article, we will examine the most important items related to tourism and hotel sector, including the pipeline of hotel projects.
April 20, 2016 – Hilton Worldwide's (NYSE: HLT) Hampton byHilton brand, the global mid-priced hotel brand that serves value-conscious and quality-driven travelers around the world, today announced the signing of its newest property, Hampton Inn by Hilton Antofagasta, Chile. It is the first Hampton property signed as part of a strategic alliance with Colombia-based METRO Hotels.
Hilton Garden Inn, Hilton Worldwide's (NYSE: HLT) award-winning brand of hotels, announced today the opening of Hilton Garden Inn Iquique in the capital city of Chile's Iquique Province and Tarapacá Region. The hotel boasts 123 guest rooms, most offering ocean views, and a central location within walking distance of the popular Cavancha and Playa Brava beaches. Hilton Garden Inn Iquique represents the company's fifth hotel in Chile and latest addition to the brand's growing portfolio of more than 650 hotels worldwide.
DoubleTree by Hilton today announced the opening of the brand's second hotel in Chile: DoubleTree by Hilton Calama in the capital city of Chile's El Loa Province. Originally opened in 2010, the now converted DoubleTree by Hilton Calama is currently undergoing a property-wide, enhancement project, scheduled to be completed by Q2 2016, which will introduce guests to refreshed guestrooms, public spaces, meeting rooms and other amenities.
Marriott International, Inc. (NASDAQ: MAR) announced the opening of the new 205-room Courtyard by Marriott Hotel in Santiago, Chile. The hotel is situated immediately adjacent to the existing 280-room Santiago Marriott in the Las Condes business district filled with restaurants, bars and shops, the Courtyard will offer easy access to all of Santiago including the renowned Mall Parque Arauco and Araucano Park, located a few steps away from the hotel and some of the best views of the Andes Mountains.
Chile will be the first country in the southern cone in La Quinta's expansion strategy in Latin America, with a franchise agreement for an LQ Hotel by La Quinta with the Chilean company Inmobiliaria e Inversiones Profit Summit Limitada. The hotel, which will feature 100 rooms, spacious lobby, fitness center, indoor pool, meeting space and a business center, will open its doors in 2017 in the Pudahuel area, close to Santiago's international airport. With over 47 years of experience and more than 870 La Quinta Inn & Suites and La Quinta Inn hotels located in the U.S., Canada and Mexico, and with LQ Hotel locations open or in the pipeline in Honduras, Colombia, Guatemala and Nicaragua, La Quinta is extremely pleased and excited about the introduction of the La Quinta brand in Chile.
DoubleTree by Hilton celebrated the opening of DoubleTree by Hilton Santiago - Vitacura, the first property in Chile for the brand and the first full-service Hilton Worldwide hotel brand in the country. Located in the heart of Santiago's thriving Vitacura business district, the 226-room hotel offers the ideal destination for travelers seeking a central location in the city. DoubleTree by Hilton Santiago - Vitacura is owned by and operated by Inmobiliaria Encomenderos.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Hyatt Hotels Corporation (NYSE: H) and HPV S.A. today announced the opening of Hyatt Place Santiago/Vitacura in the city of Santiago, Chile. The opening marks the second Hyatt-branded hotel in Santiago and introduces the Hyatt Place brand to Chile and the South American continent.
Chile is expected to keep on being regarded as a favorable destination both for tourism development and hotel investments, due to its political and economic stability and to the fact that the arrival of foreign tourists has increased steadily in recent years. National GDP is expected to grow 4.5% and the increase of consumer prices will remain low (forecasted 3%).
Meliá Hotels International has taken an important step in its growth in Latin America with the announcement of an agreement to open 5 Innside by Meliá hotels in Chile together with the a Private Investment Fund lead by Grupo Armas, the first for the Innside by Meliá brand in the Americas after its rapid international growth over the past year. The intense growth of the company continues with the addition of a new hotel around every three weeks, and 14 new hotels signed up in Europe, the Middle East and Latin America already In 2013.
Carlson Rezidor Hotel Group, one of the world’s largest and most dynamic hotel groups, today announced the opening of the Radisson Petra Concepción Hotel. The opening of this hotel further illustrates the momentum of the Ambition 2015 strategy to expand Radisson as one of the world’s most attractive, globally consistent, first-class brands.
Situated on one of Santiago's most prestigious avenues, Avenida Kennedy in the Vitacura district, Santiago's upscale residential district, the Renaissance Santiago will be located across the street from the Mall Parque Arauco, which includes a number of high-end stores, a movie theater, a bowling alley and great restaurants and nightlife. "We are thrilled to be bringing the Renaissance lifestyle brand to Santiago," said Julio Salvador, President of Altamira Grupo Inmobiliario. "With its prime location in the prestigious Vitacura district and proximity to major businesses and attractions, we know that it will be a very successful property."
"We are thrilled to add the Hilton Garden Inn Santiago Airport to our collection of hotels," commented Tom Potter, area vice president, South America, Hilton Worldwide. "This new property's opening today is a testament to our commitment to introduce new brands to new destinations and continue the growth of our portfolio throughout Latin America."