Currently, Argentina faces significant challenges regarding its competitive position in the global tourism sector. The recent devaluation of the peso has intensified barriers to attracting international visitors, while also highlighting the crucial importance of each destination’s unique value proposition within the country.
Costa Rica’s natural beauty, dedication to sustainability, and rich biodiversity have made it a top destination for travelers worldwide. Known for its lush rainforests, pristine beaches, and diverse ecosystems, the country attracts nature enthusiasts and adventure-seekers alike.
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.
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.
This article analyzes hospitality markets in six major Brazilian cities – São Paulo, Rio de Janeiro, Belo Horizonte, Curitiba, Porto Alegre and Salvador – discussing key performance indicators in 2014 vis-à-vis past years. Welcome to the 7th edition of the Brazil: Trends and Opportunities, an annual publication by HVS/HotelInvest that focuses on presenting and analyzing hospitality industry performances in the primary markets in Brazil. Every year we digest the latest, reliable market information and present the challenges and opportunities facing the Brazilian hospitality industry. In the end, it is our opinion that a well informed and transparent market is a solid and professional one. In this edition, we will analyze the situations that affected the hospitality market in 2014, including the World Cup, the stagnation of the national economy, and the presidential elections.
This article analyzes hospitality markets in six major South American cities –Buenos Aires, Santiago, Bogota, Lima, Rio de Janeiro and São Paulo – discussing key performance indicators in 2014 vis-à-vis past years and future outlook for 2015.