Press Releases

August 7, 2020

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.

Horwath

April 14, 2020

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.

Colombia

April 3, 2020

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.

March 31, 2020

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.

Lima, Peru

March 26, 2020

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.

March 20, 2020

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.

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January 28, 2020

STR: Mexico 2019 hotel performance

Mexico's hotel industry reported negative performance results during 2019, according to data from STR. Compared with 2018:

November 21, 2019

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.

Chile

October 25, 2019

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:

October 10, 2019

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.

UN Tourism

July 26, 2019

STR: Mexico Q2 2019 hotel performance

Mexico's hotel industry reported negative performance results during Q2 2019, according to data from STR.

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April 29, 2019

STR: Mexico Q1 2019 Hotel Performance

Mexico's hotel industry reported negative performance results during Q1 2019, according to data from STR.

March 26, 2019

KIDZ BOP And AIC Hotel Group Expand Partnership To Mexico

AIC Hotel Group, the experiential brand offering unmatched vacation experiences, and KIDZ BOP, the No. 1 music brand for kids, announced today the expansion of their partnership, debuting the KIDZ BOP Experience at Hard Rock Hotel Riviera Maya in Mexico in summer 2019. Following the successful launch at Hard Rock Hotel & Casino Punta Cana, the new KIDZ BOP Experience at Riviera Maya will allow kids 6-12 years old the chance to live out their pop star dreams with KIDZ BOP themed activities.

AIC Hotel Group

January 28, 2019

STR: Mexico 2018 hotel performance

Mexico's hotel industry reported mixed performance results during 2018, according to data from STR. Compared with 2017:

October 29, 2018

STR: Mexico Hotel Performance For Q3 2018

Mexico's hotel industry reported mixed performance results during Q3 2018, according to data from STR.

July 30, 2018

STR: Mexico hotel occupancy falls during Q2 2018

Mexico's hotel industry reported lower occupancy levels but growth in room rates during Q2 2018, according to data from STR. Compared with Q2 2017:

April 27, 2018

STR: Mexico hotel performance for Q1 2018

Mexico's hotel industry reported mixed year-over-year results in the three key performance metrics during the first quarter of 2018, according to data from STR. Compared with Q1 2017:

April 18, 2018

STR: South America demand outpacing supply for first time since 2011

South America hotel demand is growing at a quicker pace than supply for the first time since 2011, according to data and analysis from Boo covered the region's supply/demand dynamic and hotel performance during her presentation earlier today ahead of the World Travel and Tourism Council Global Summit. The media contacts listed below can provide Boo's full presentation slide deck and arrange interviews for further comment. For total-year 2017, South America's occupancy increased 2.2% to 55.9%, and average daily rate (ADR) was up 0.5% to US$104.07. As a result, revenue per available room (RevPAR) grew 2.7% US$58.20.At the market-level, Buenos Aires posted one of the top RevPAR growth rates at +29.1%. That came as a result of 11.3% growth in occupancy to 68.7% and a 16.1% spike in ADR to ARS2,147.01. "Buenos Aires showed strong performance across each day of the week with little fluctuation. We see that pattern as an indicator of strong business and leisure performance," Boo said. "The market is a top destination for MICE (Meetings, incentives, conferences and exhibitions) business, and with a boost from events like the WTTC, Youth Olympic Games and G20 summit, we forecast occupancy to surpass 70% in 2018 with ADR growth being the primary driver of RevPAR growth."

Buenos Aires, Argentina

March 13, 2018

Mexico Hotel Destinations - 2018

Following the 2016 U.S. election, there was a growing concern over Mexico's ability to achieve meaningful economic growth given President Trump's protectionist rhetoric with regard to U.S.-Mexico trade policy. Nonetheless, in 2017, rhetoric proved less impactful than reality, as Mexico's economy fared better than expected and real GDP grew 2.3% year-over-year. The travel and tourism industry continues to play a vital role in Mexico's overall economy and international visitation into the country's capital reached a new record, growing 12.2% over 2016 levels. The 2018 outlook remains promising, in spite of uncertainty around NAFTA negotiations and upcoming presidential elections.

JLL