GBTA forecasts Latin America business travel spending at $67.7B in 2026, led by Brazil at $35.8B, with growth slowing to 3.3% in 2027 amid economic and geopolitical pressures.
Marriott now operates 300 hotels with 44,000+ rooms across 25 brands in Mexico, with 76 more in the pipeline and conversions accounting for 35% of signed deals.
Minor Hotels and Grupo Petra signed two agreements in Madrid: a strategic partnership to develop NH, NH Collection, and Tivoli hotels across Paraguay, plus a management contract for a 116-room NH hotel in Asunción due in late 2029.
Rio de Janeiro hotels hit their highest August RevPAR since the 2016 Olympics, reaching BRL612.29, driven by the Copa Libertadores at Maracanã and Festival Medio y Medio.
andBeyond's 32-guest Amazon Explorer yacht launches December 2026 in Peru, offering 3-, 4-, and 7-night Peruvian Amazon itineraries built on the company's safari guiding philosophy.
Marriott will convert three Reef Resorts properties in Playa del Carmen into Tribute Portfolio all-inclusive hotels by 2027, adding 676 rooms to its Mexico pipeline with renovations starting in late 2026.
São Paulo recorded its highest-ever July ADR (BRL706.65) and RevPAR (BRL436.60), with the AI Summit Brazil driving peak occupancy of 83.9% on July 23.
Hard Rock Hotel Cancun and Hard Rock Hotel Vallarta will pause operations in summer 2026 for a full renovation, reopening late December 2026 with upgraded rooms, public spaces, and new music memorabilia collections.
Royal Grand Resorts launches in Costa Rica targeting gay male premium travelers, citing a $218B global LGBTQ+ travel market growing at 15% CAGR through 2030.
Hyatt and Parks Hospitality Holdings will open two all-inclusive luxury resorts in Mexico in H2 2026: the 148-room Park Hyatt Riviera Maya and the 301-room Grand Hyatt Los Cabos.
Meliá signs two new hotels in Mendoza, Argentina, opening 2028: a 140-room urban property and a 110-room wine-country resort in Valle de Uco, both owned by Grupo Almarena.
WTTC's 2026 EIR data shows Mexico led North America in T&T GDP growth (1.8%), international arrivals (+6.1%), and visitor spending (+3.5%) in 2025, while the US and Canada both recorded spending declines.
WTTC's 2026 EIR forecasts Travel & Tourism GDP growth of 4.1% for Central and South America, ahead of the 3.2% global average, with international visitor spending up 7.8%.
RIU Hotels presented its 'Proudly Committed' sustainability strategy in Buenos Aires, reporting nearly $20M in social investment over six years, with Argentina accounting for 60% of the chain's LATAM revenue.
Posadas will add 7% more rooms through five luxury properties including Izla by Fiesta Americana Isla Mujeres and Live Aqua Centro Histórico Mexico City.
Two existing Lima hotels will rebrand as The Ritz-Carlton and JW Marriott in 2028, marking significant luxury expansion in Peru's capital.
March 2026 occupancy rose 13% to 67.8% while ADR increased 7.4% to BRL871.48, with peak performance on March 11.
The company nearly doubled its Mexican footprint in five years through strategic partnerships and all-inclusive resort acquisitions.
IHG plans to nearly double its Mexico growth pace with 62 hotels in development, building on its current 187 properties and 5th largest global market position.
February 2026 RevPAR hit BRL 1,050.78, up 48% year-over-year, with peak Sunday performance reaching BRL 2,491.14 RevPAR and 93.7% occupancy.