News

STR: Caribbean/Mexico hotel pipeline for September 2017

STR's September 2017 Pipeline Report shows 42,259 rooms in 241 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 29.3% increase in rooms Under Contract compared with September 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 17,450 rooms in 99 projects In Construction for the month. Based on number of rooms, that is a 25.0% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (24.2% with 10,242 rooms). The Upper Upscale segment accounted for the largest portion of rooms In Construction (23.2% with 4,050 rooms).

STR: Central/South America hotel performance for August 2017

Hotels in the Central/South America region reported nearly flat occupancy with year-over-year rate declines during August 2017, according to data from STR.U.S. dollar constant currency, August 2017 vs. August 2016Central/South America

STR: Caribbean/Mexico hotel pipeline for August 2017

STR's August 2017 Pipeline Report shows 41,116 rooms in 234 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 47.1% increase in rooms Under Contract compared with August 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 16,297 rooms in 92 projects In Construction for the month. Based on number of rooms, that is a 24.4% increase in year-over-year comparisons. Three countries in the region reported more than 1,000 rooms In Construction:

STR: Central/South America hotel performance for July 2017

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

STR: Caribbean/Mexico hotel pipeline for July 2017

STR's July 2017 Pipeline Report shows 41,131 rooms in 234 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 44.7% increase in rooms Under Contract compared with July 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 16,015 rooms in 89 projects In Construction for the month. Based on number of rooms, that is a 23.6% increase in year-over-year comparisons.Four key markets reported more than 1,000 rooms In Construction:

STR: Mexico hotel performance for Q2 2017

Mexico's hotel industry reported positive year-over-year results in the three key performance metrics during the second quarter of 2017, according to data from STR. Compared with Q2 2016:

Tourism Sector In Mexico Is Stronger Than The Oil Industry | tourism-review.com

Far from being affected, the tourism sector in Mexico benefited from the volatility and depreciation of the exchange rate, the outcome of the 2016 electoral process in the United States, and the international uncertainty that negatively impacted other sectors of the economy.

Tourism sector in Mexico represents 8.7% of the country's Gross Domestic Product (GDP), a figure exceeding the contribution of oil industry, which amounts to 7%, according to Teresa Solis Trejo, Deputy Director of Planning and Tourism Policies of the Ministry of Tourism.

"The tourism sector is an industry that, thanks to its size and performance in recent years, is becoming one of the driving forces of the national economy," the federal official said.

STR: Caribbean/Mexico hotel pipeline for June 2017

STR's June 2017 Pipeline Report shows 41,101 rooms in 236 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 43.8% increase in rooms Under Contract compared with June 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 13,829 rooms in 86 projects In Construction for the month. Based on number of rooms, that is a 15.4% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (24.9% with 10,229 rooms) and In Construction (25.2% with 3,485 rooms).

How Brazil Became One of the Most Exciting Hospitality Markets in the World

Brazil is world-famous as a vaunted travel destination, owing to the country's rich breath of cultures, incredible diversity of landscapes, and unmatched festivities, including the Brazilian Carnival, an annual festival held between the Friday afternoon 51 days before Easter and Ash Wednesday.

Rosewood Hotels announce new Sao Paulo property by architect Jean Nouvel

The Rosewood Hotel Group recently announced plans for a new property to open in the Brazilian city of Sao Paulo. The new hotel and residence complex, named Rosewood Sao Paulo, will be housed in an impressively renovated building just off the city's main boulevard Avenida Paulista and will feature 151 guest rooms and 122 residential suites, two restaurants, two swimming pools and a spa centre. Spread over 22 floors, the 100m high tower was originally built in 1904 and was a maternity hospital located in the centre of the 27,000m2 Cidade Matarazzo complex, which contains historic buildings in the middle of Sao Paulo. The skyscraper takes the form of a terraced tower clad in a patchwork of bronzed grids, which are inset and pulled out alternatively to form terraced gardens, a scheme which is intended to emulate the surrounding landscape and provide a physical continuation of parkland and trees in the vicinity. Renowned French architect Jean Nouvel is responsible for the design of the tower and recently released some atmospheric renderings to give guest a taste of what is to come when the project is completed in 2019. His concept for the project is that the park surrounding the building will be seen to be occupying it: "Matarazzo Park will have invaded a tower. Let's make one thing clear. The park tower will be regal and welcoming – and it will be much looked at and envied. In its own distinctive way, it will say: follow me, live in style. Around Matarazzo at first, then a bit farther afield, trees will begin to mount their assault on the city." The hotel will also offer 100,000 sqft of meeting and event spaces, ideal for corporate travelers going to Sao Paulo on business. Residents and guests can avail of the terraces with spectacular views and indulge in the rooftop pool, an oasis in the middle of the city. Interiors will be designed by famed designer Philippe Starck. The property will be a fantastic new addition to Rosewood's 44-strong hotel portfolio. The hotel is part of Cidade Matarazzo, a complex of historic buildings in São Paulo which date back to the early 20th century. Linked to the Paulista Avenue by a pedestrian walkway, this is one of the city's last remaining landmarks.More contact details on Rosewood Sao Paulo and the suppliers and architects involved can be found on the TOPHOTELPROJECTS database.

STR: Caribbean/Mexico hotel pipeline for May 2017

STR's May 2017 Pipeline Report shows 39,434 rooms in 226 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 39.0% increase in rooms Under Contract compared with May 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 13,503 rooms in 82 projects In Construction for the month. Based on number of rooms, that is a 7.0% increase in year-over-year comparisons. Three countries in the region reported more than 1,000 rooms In Construction:

The Colombia hotel project pipeline

TOPHOTELNEWS recently reported on the increasing growth of Colombia's tourism industry following new peace deals in the South American country. The Economist, chose Colombia as "Country of the Year" 2016. The publication stressed that it was the country with the most achievements during the current year.

STR: Caribbean/Mexico hotel pipeline for April 2017

STR's April 2017 Pipeline Report shows 40,657 rooms in 222 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 41.6% increase in rooms Under Contract compared with April 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 15,781 rooms in 86 projects In Construction for the month. Based on number of rooms, that is a 23.2% increase in year-over-year comparisons. Three key markets reported more than 1,000 rooms In Construction:

Hotel Destinations - Mexico 2017

Mexico represents the second largest economy in Latin America, benefitting from a strategic location adjacent to the United States, its largest trading partner. This has helped the nation weather the economic downturn better than its Latin American counterparts. The nation´s economic outlook for the following years, despite being more conservative than last year, is still promising, even with slower projected growth as a result of the potentially negative consequences of the Trump Administration's trade policies with the country.

STR: Mexico hotel performance for Q1 2017

HENDERSONVILLE, Tennessee—Mexico's hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2017, according to data from STR. Compared with Q1 2016:

Colombia’s tourism industry hopes to grow in times of peace

Colombia's tourism industry was almost non-existent for many years while it was in the middle of drug wars and guerilla uprisings. However, that appears to be changing, with a new peace deal recently signed by the government and FARC rebels who has previously been responsible for a lot of violence in the country. Hoteliers and people in the hospitality industry are hoping that this new era of peace will herald an increase in tourism to Colombia, which is famous for its Caribbean coastline and incredible coffee country.

STR: Caribbean/Mexico hotel pipeline for March 2017

STR's March 2017 Pipeline Report shows 38,668 rooms in 212 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 25.9% increase in rooms Under Contract compared with March 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The region reported 15,086 rooms in 82 projects In Construction for the month. Based on number of rooms, that is a 12.6% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (23.8% with 9,191 rooms). The Luxury segment accounted for the largest percentage of rooms In Construction (23.1% with 3,485 rooms).

Record Number Of Foreign Tourists Thanks To Brazilian Olympics | tourism-review.com

South American visitors accounted for the largest share of foreign tourists who visited Brazil in 2016. This conclusion was presented by the Statistical Yearbook of the Ministry of Tourism. According to the survey, 6.6 million visitors came to Brazil from abroad in 2016, which is a historical record, representing a growth of 4.3% compared to 2015. Out of them, 3.7 million flew from the neighbouring countries. The spotlight goes to Argentina, the source market for 2.3 million visitors, a growth of 10% compared to 2015.

In 2016, Brazil hosted the Olympic and Paralympic games, which was the main reason for the record data. As to the source markets of visitors, the South American continent accounted for 56.7% of them, followed by Europe (24.4% of visitors), and North America (11.2% of visitors).

STR: New supply weakens Rio hotel occupancy levels during Carnival 2017

Despite an increase in demand, hotels in Rio de Janeiro reported lower occupancy levels during this year's Carnival of Brazil, according to data from STR.

Mexican Tourism Industry Experiencing Its Best Performance Ever | tourism-review.com

Mexico has been able to latch onto the global tourism explosion, and just in time. In this period of great uncertainty, due to the potential impact of the Trump era, the Mexican tourism sector – which already represents 8.5% of the country's GDP – is going through the best period in its entire history, and has become – after the manufacturing sector and remittances – the principal driving force behind the economy. It is, however, starting to show signs of stagnation. The arrival rate of foreign visitors grew by 9% in 2016, reaching 35 million people. The increase in foreign currency entering the country was 10%; and the tourism industry's account balance (dollar inflow versus dollar outflow) improved by 22% thanks to the fact that there were more foreign visitors entering the country than Mexican citizens traveling abroad.