STR: Mexico Hotel Performance For Q3 2018
Mexico's hotel industry reported mixed performance results during Q3 2018, according to data from STR.
Press Releases
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:
UCF Rosen College Researchers Help Bonaire Become a “Blue Destination”
An island paradise is the last place one thinks there would be concern over the environment and the economy, after all you're there to get away from it all. But, on the island of Bonaire in the Western Caribbean, that couldn't be farther from the truth. Researchers from University of Central Florida (UCF) Rosen College of Hospitality Management worked with the island's government on the creation of a Strategic Tourism Masterplan. On May 30, 2018, Bonaire's Parliament adopted the Masterplan establishing Bonaire as a "Blue Destination", the first in the Caribbean. This means the island focuses on "green efforts" such as ecotourism, renewable energy, conservation of the ocean through waste management and the banning of some forms of sunscreen whose chemical makeup, Oxybenzone and Octinoxate, can kill some sea life, damage coral and disrupt the normal ecosystem in the ocean.
The Family Coppola Hideaways Builds Brand New Funicular At Lakeside Retreat In Guatemala
The Family Coppola Hideaways is thrilled to unveil its brand new funicular at La Lancha, the lakeside retreat in Guatemala. Ascending from the shores of Lago Peten Itza through the jungle canopy to the hotel's lobby and restaurant, the "jungle elevator" provides a unique welcome experience for guests. As they are transported up the mountainside, they will be met with breathtaking views of Lago Peten Itza and the lush surrounding vegetation of the Guatemalan countryside. Available to any guest arriving by boat, the funicular can accommodate four people at a time.
AccorHotels and Algeciras agree to buy Chilean group Atton Hoteles
AccorHotels and Chilean group Algeciras announce that they signed an agreement with the shareholders of Atton Hoteles in order to acquire the company. As per the agreement, AccorHotels will acquire 100% of the management Company that operates 11 Atton hotels (2,259 rooms) across Chile, Peru, Colombia and Florida, USA. Besides, AccorHotels will acquire 20% of the Property Company that owns these assets, the remaining 80% being bought by Algeciras. Atton Hoteles was founded in Chile in 2000. The hotels cater to the business travelers on the midscale and upscale segment. It has 3 hotels under development. In order to capitalize on Atton's existing brand equity, most of these properties will be co-branded with AccorHotels brands, before being fully rebranded to Pullman, Novotel, MGallery & Mercure in the midterm.
Hilton Signs Two New Properties in Lima, Peru Expanding Tapestry Collection by Hilton Internationally
Hilton (NYSE: HLT) today announced the signing of two Tapestry Collection by Hilton agreements in Lima, Peru: Hotel Bel'Arte Lima and Hotel Museo de Osma - representing the first international properties for Hilton's 14th brand created for travelers looking for a unique, upscale hotel experience. These new deals form part of Hilton's development pipeline of eight hotels in Peru, with plans to add more than 1,000 rooms in key markets throughout the country.
Hilton and Hotelaria Brasil Sign Strategic Development Agreement to Open the First Hampton by Hilton Hotel in Brazil
Hilton (NYSE: HLT) and Hotelaria Brasil today announced the signing of a strategic development agreement for Hotelaria Brasil to initially develop five franchised Hampton by Hilton hotels in Brazil - marking the brand's debut in the country. The announcement underscores Hilton's commitment to expand throughout the Caribbean and Latin America, and reinforces the upper-midscale brand's momentum with 139 openings worldwide in 2017, including Hampton hotels in the Dominican Republic, Colombia, Mexico and Uruguay. As part of the agreement, the companies have confirmed the first hotel is scheduled to open in 2019 at Guarulhos Airport in Sao Paulo, Brazil.
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:
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."
WTTC Global Summit in Buenos Aires to focus on leadership, biometrics, crisis management and sustainable growth
The World Travel & Tourism Council (WTTC)'s 2018 Global Summit will take place in Buenos Aires, Argentina on 18-19 April. Industry leaders from public and private sector will discuss the theme of 'Our People, Our World, Our Future', debating how the sector is placed to create sustainable jobs in a future of transformational technology, increasing environmental pressures, and in a world where security concerns are paramount.
El Silencio Lodge Costa Rica Acquired by Viridi International
Viridi International Resorts SRL, a new upstart in the ultra-luxury boutique hotel and spa space, is pleased to announce the acquisition of El Silencio Lodge and Spa from Grupo Isilita, San Jose, Costa Rica. El Silencio Lodge is a luxury eco-tourist resort located in the high-altitude cloud forest just one hour from San Jose in Bajos del Toro. El Silencio was recently voted the Number 2 Top Resort in Central America by Condé Nast Reader's Choice Awards.
Guayaquil to host World Travel Awards (WTA) Latin America Ceremony 2018
World Travel Awards (WTA) has revealed that Guayaquil, Ecuador will host its Latin America Ceremony on 15th September 2018.It will be WTA's first visit to Guayaquil, the gateway to the incredible Galapagos Islands and the beating commercial heart of Ecuador.The red-carpet ceremony will form part of the WTA Grand Tour 2018 - a search for the finest travel and tourism organisations in the world. The Grand Tour 2018 also marks WTA's 25th anniversary of honouring excellence in the international hospitality industry.A rapidly-emerging tourism hotspot, Guayaquil is best known for its gleaming riverside development, the Malecón 2000, which incorporates gardens, shopping centres, restaurants, a landmark museum, the first iMAX theatre in South America, and several of the city's finest monuments.The historic Palacio de Cristal will provide a stunning backdrop to WTA's Latin America Ceremony. Designed and built by engineers on behalf of Gustave Eiffel (designer of the Eiffel Tower, Paris), the palace was inaugurated in 1908 and has since undergone extensive renovation as part of Guayaquil's Urban Regeneration project. It reopened in 2002 as an exhibition and culture centre, hosting artworks by such greats as Rembrandt, Picasso and Rendón Seminario.Ms Gloria Gallardo, President of Guayaquil Tourist Board, said: "It will be a real honour to welcome the major players of the tourist industry to Guayaquil."Guayaquil is your destination to visit and enjoy. We are sure that WTA delegates will fall in love with the city and, hopefully, return. Guayaquil, the Pearl of the Pacific, welcomes you!"Ecuador's most vibrant city also boasts a brand new convention & visitors' bureau, a world-class international airport, the largest convention centre in the country, a vast range of accommodation and an enviably warm climate.Graham Cooke, Founder and President, WTA, said: "It will be an absolute pleasure to visit Guayaquil - Ecuador's city with the Midas touch - for the very first time, as we celebrate our 25th anniversary."WTA has maintained its position as the industry leader for the past 25 years, consistently proving its value as the global benchmark for excellence in the travel, tourism and hospitality business," added Cooke.As part of the Grand Tour 2018, WTA is also hosting ceremonies in Ras Al Khaimah (UAE), Athens (Greece), Jamaica, Hong Kong and Durban (South Africa), with the winners progressing to the Grand Final in Lisbon (Portugal).Voting for the WTA Latin America Ceremony will open on 26th March 2018 and conclude on 5th August 2018.For more information on how to participate, visit www.worldtravelawards.com/vote
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.
STR: Brazil hotel performance rebounds
A double-digit increase in occupancy during January 2018 was further evidence of hotel performance recovery in Brazil, according to an analysis from In the 12 months ending with January 2018, Brazil showed occupancy growth of 2.3% (to 53.4%) but an ADR decrease of 11.2% (to BRL278.93). Six of the country's key markets and cities registered year-over-year occupancy growth near, at or above 10% for those 12 months: Belo Horizonte (+10.7% to 53.3%), Brasilia (+10.2% to 48.5%), Manaus(+10.0% to 48.6%), Fortaleza (+9.8% to 59.3%), Salvador (+9.0% to 54.0%) and theRecife Area (+8.3% to 56.6%). While most of the key markets and cities showed negative ADR comparisons during this 12-month time period, Porto Alegre was an outlier with 7.1% growth in ADR to BRL241.40. Rio de Janeiro's 6.8% decrease in occupancy and 34.3% drop in ADR heavily influenced the country's overall performance for the 12-month time period. However, in January 2018 specifically, the market reported a 20.7% jump in occupancy with a less dramatic decline in ADR (-6.2%). Overall, eight of the 10 markets and cities included in STR's analysis showed a rise in occupancy for January. Seven of those markets and cities posted ADR growth, led once again by Porto Alegre (+11.7% to BRL233.47). "Because of the mega events of the last several years, we've seen a massive supply increase in Brazil's key cities," Boo said. "However, with new investors, we've seen a shift in development to secondary and tertiary cities. That has meant that hotel performance fluctuations have been seen just about everywhere." While included in the list of markets that have seen performance fluctuations in Brazil, Boo noted the strength and stability of São Paulo specifically when looking further down the road at the country's recovery. STR's latest forecast for São Paulo projects growth across the three key performance metrics in 2018 and 2019. "As the financial hub of Brazil, São Paulo tends to react much quicker to economic factors affecting hotel performance," Boo said. "The performance improvements we have seen since the later months of 2017 should continue for the market."
Brazil’s Hospitality Market is Poised for a Big Year in 2018 [INFOGRAPHIC]
Brazil has been on the world-stage as of late, largely due to hosting the World Cup in 2014 and the Summer Olympics in 2016.
IHG® builds on rapid growth of avid™ hotels with franchising launch in Mexico
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, today announces that avid™ hotels, its new high-quality midscale brand, is now available for franchising in Mexico. The launch of the brand in Mexico closely follows the introduction of avid hotels in the U.S. and Canada last fall, where the company has already signed 75 franchise agreements. This milestone further demonstrates the brand's rapid start and growth potential.
STR's Caribbean/Mexico hotel supply development update
The Caribbean/Mexico room construction total represented a 67.8% increase compared with January 2017.
STR: Mexico 2017 hotel performance
Mexico's hotel industry reported positive year-over-year results in the three key performance metrics during 2017, according to data from STR. Compared with 2016:
STR: Central/South America 2017 hotel performance
LONDON -- Hotels in the Central/South America region reported positive year-over-year results in the three key performance metrics during 2017, according to data from STR.U.S. dollar constant currency, 2017 vs. 2016Central/South America
Dream Hotel Group Expands Into Mexico And Belize
Renowned hotel and brand management company Dream Hotel Group today announced the development of three new hotels in Mexico and Central America: Unscripted Tulum, Unscripted Belize and Dream Belize. The signings represent a major milestone for Dream Hotel Group, positioning them as international hospitality leaders and paving the way for new growth in the Mexico and Belize region.