Restrictions Push Lima’s Hotel Occupancy Down After Reaching 6-Month High
Recent COVID-19 restrictions pushed Lima’s hotel occupancy down after the market had reached a six-month high in April, according to data from STR.
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Mexico’s Outbound Tourism Fell 73% In 2020, According To GlobalData
The COVID-19 pandemic has had a devastating effect on Mexican outbound travel, with the number of trips falling by 73%. This figure is the second-highest fall in the Americas, after Peru (76%). Despite commercial flights operating throughout the year at a limited capacity, many countries were reluctant to open their borders amid Mexico’s high COVID-19 infection and death rate. Ultimately, this has led to a devastating drop in outbound travel which will not recover until 2024, according to GlobalData, a leading data and analytics company.
Beach Destinations Lead Mexico’s March Hotel Uptick
March produced improved hotel occupancy across most of Mexico's markets, but beach destinations continued to lead the country's recovery, according to data from STR.
Mexico: A Story of Steady Recovery
Mexico's hotel industry has been a rather unique case of linear performance recovery. While most countries have seen fluctuations in the metrics, Mexico has been on a steady ascent leading to a November that produced the country's highest performance levels of the pandemic.
Horwath HTL Market Report: Mexico (English & Spanish)
The Mexican Market Report provides an insight of the current state of the Mexican economy, the tourism sector, and the evolution of variables that have a tangible influence on the hotel investment market amidst the COVID-19 pandemic.
Radisson Hotel Group Extends Its Longstanding Relationship With Atlantica Hotels in Brazil
Radisson Hotel Group is proud to announce it has signed a Master Franchise Agreement with Atlantica Hotels in Brazil. The two companies have held a longstanding relationship for nearly 20 years. Atlantica Hotels was previously a licensee for Radisson Hotel Group's brands in Brazil, including Radisson Blu, Radisson RED, Radisson and Park Inn by Radisson. The Master Franchise Agreement will cover all seven of Radisson Hotel Group's brands. The signing of this agreement will extend this relationship for another 20 years while growing Radisson Hotel Group's presence throughout the country.
Horwath HTL Market Report: Mexico
The Mexican Market Report provides an insight of the current state of the Mexican economy, the tourism sector, and the evolution of variables that have a tangible influence on the hotel investment market amidst the COVID-19 pandemic. During 2019 Mexico was ranked number 7 worldwide for the number of international tourists (OMT). Tourism accounted for an 8.7% share of the Mexican GDP in 2018.
New SiteMinder Research Shows Bright Outlook For Mexico’s Hotels As Health-Conscious Locals Plan Trips
New research by SiteMinder, the global hotel industry's leading guest acquisition platform, reveals a growing enthusiasm for domestic travel among Mexicans and a heightened awareness of personal health. SiteMinder's Changing Traveler Report, based on the survey responses of nearly 570 locals in Mexico, has found that at least three-in-five are currently planning their next local holiday and, when it comes to choosing their accommodation provider, well-promoted health and safety practices are the top deciding factor for 63 percent of the surveyed population.
The Impact Of COVID-19 In The Hotel Industry – Brazil Overview
In view of the advancing Coronavirus over the past few days, the economic impact starts to deepen and takes bigger steps around the world, mainly reflected by issues due to the drop in consumption and production, the stock market and supply chains, and this serves as a wake-up call for all the world even for those powerful countries in the European Union as a possible economic recession is looming.
By Felipe Touro, Founder, Touro Insights & CO
STR: Colombia’s Daily Hotel Occupancy Sinks To 3.9%
As the COVID-19 pandemic in Colombia has worsened, the country's daily hotel occupancy decreased to as low as 3.9% on 29 March, according to preliminary data from STR.
STR: Preliminary Mexico Hotel Results For Week Ending 28 March
Mexico's hotel industry showed its sharpest reaction yet in the face of the COVID-19 pandemic with deep year-over-year declines in the three key performance metrics during the week of 22-28 March 2020, according to preliminary data from STR.
STR: Lima’s daily hotel occupancy falls to as low as 12.9%
As the impact of COVID-19 broadens in South America, Lima's daily hotel occupancy fell to as low as 12.9% on 19 March, according to preliminary data from STR.That occupancy level came one day after the Peruvian government imposed a nightly curfew to combat the spread of COVID-19. STR's most recent data for 22 March showed that just 13 of 100 rooms on average were occupied in the city.
Preliminary Mexico Hotel Results For Week Ending 21 March
Mexico’s hotel industry showed clear effects of the COVID-19 pandemic with sharp year-over-year declines in the three key performance metrics during the week of 15-21 March 2020, according to preliminary data from STR.
STR: Preliminary Mexico Hotel Results For Week Ending 14 March
Mexico’s hotel industry has yet to see declines as steep as those experienced in the U.S. and Canada, but the effects of COVID-19 on travel still played a role in negative year-over-year results in the three key performance metrics during the week of 8-14 March 2020, according to preliminary data from STR.
STR: Mexico 2019 hotel performance
Mexico's hotel industry reported negative performance results during 2019, according to data from STR. Compared with 2018:
STR: Chile Hotel Occupancy Drops Amid Protests
Ongoing protests in Chile led to significant declines in the country's hotel occupancy during the final two weeks of October, according to an analysis by STR.
STR: Mexico Q3 2019 hotel performance
Mexico's hotel industry reported negative performance results during Q3 2019, according to data from STR. Compared with Q3 2018:
Regulation Catches up with Innovation – The Case of Short-Term Rentals
The World Tourism Organization (UNWTO) has published the first systematic overview of how both national governments and local authorities are addressing and managing new business models in the accommodation industry. The so-called "sharing economy" has experienced significant growth over recent years and is poised to outpace the growth of traditional accommodation. Drawing on case studies from around the world, "New Business Models in the Accommodation Industry" analyses existing rules and regulations for the sector.
STR: Mexico Q2 2019 hotel performance
Mexico's hotel industry reported negative performance results during Q2 2019, according to data from STR.
The Future of Hospitality Industry in Colombia
On November 24, 2016, the signing of the Final Agreement for the Termination of the Conflict between the Colombian State and the Revolutionary Army Forces of Colombia (FARC) put (at least formally) an end to the oldest and largest civil war in the Americas. Already the expectations or even the hope for the signature was a turning point for Colombia and its hospitality industry, which accounts for 2% of the Colombia's GDP and provides 1.357.103 jobs, according to DANE (Departamento Nacional de Estadistica), 2018.