Press Releases

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

March 9, 2018

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."

February 28, 2018

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.

TOPHOTELPROJECTS

Press Release Sales & Marketing

February 20, 2018

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.

IHG

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Tambourine

February 15, 2018

STR's Caribbean/Mexico hotel supply development update

The Caribbean/Mexico room construction total represented a 67.8% increase compared with January 2017.

January 31, 2018

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:

January 24, 2018

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

Press Release Development

January 24, 2018

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.

Dream Hotel Group

Press Release Sales & Marketing

November 27, 2017

Costa Rica Sustainable Hotel & Tourism Investment Conference

SAHIC, the premier organizer of hotel investment conferences in Latin America just concluded the presentation of the first Costa Rica Sustainable Hotel & Tourism Investment Conference, which was hosted by the Ministry of Tourism of Costa Rica (ICT). For the first time in this region's history, key investors and decision makers convened in one location to identify significant challenges and sustainable hospitality development opportunities for the country. The Conference took place November 13-14, 2017 at the Intercontinental in San Jose, Costa Rica.

SAHIC - Latin American Hotel & Tourism Investment Conferences

Costa Rica

November 22, 2017

STR: Central/South America hotel performance for October 2017

Hotels in the Central/South America region reported positive year-over-year results in the three key performance metrics during October 2017, according to data from STR.U.S. dollar constant currency, October 2017 vs. October 2016Central/South America

November 16, 2017

STR: Caribbean/Mexico hotel pipeline update

STR's October 2017 Pipeline Report shows 44,556 rooms in 245 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 39.0% increase in rooms Under Contract compared with October 2016.

Press Release Development

November 16, 2017

STR: Central/South America hotel pipeline update

STR's October 2017 Pipeline Report shows 58,909 rooms in 376 hotel projects Under Contract in the Central/South America region. The total represents an 8.0% decrease in rooms Under Contract compared with October 2016.

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Tambourine

November 2, 2017

The Must-Know Projects Currently Underway in Brazil [Infographic]

For those who don't visit certain countries often, it can sometimes be easy to fall into the trap of evaluating them based on their largest markets alone, of reducing the United States to what's happening in New York City, of viewing France in terms of the market in Paris, or seeing all of Japan as Tokyo.

TOPHOTELPROJECTS

October 27, 2017

STR: Mexico hotel performance for Q3 2017

Mexico's hotel industry reported mixed year-over-year results in the three key performance metrics during the third quarter of 2017, according to data from STR. Compared with Q3 2016:

October 25, 2017

STR: Hotel performance amped up during Rock in Rio 2017

Data from STR shows that hotels in Rio de Janeiro, Brazil, recorded substantial performance levels during the September Rock in Rio music festival.During the seven days of the festival (15-17 and 21-24 September), occupancy in the Barra da Tijuca area of Rio, at an actual level of 81.4%, was 69.1% higher compared with the rest of September, while average daily rate (ADR) was 64.8% more at BRL555.77. Performance uplifts were common outside of Barra da Tijuca as well. Excluding Barra da Tijuca, Rio's revenue per available room (RevPAR) was 74.7% higher compared with the rest of the month, with occupancy 54.8% higher and ADR 12.8% higher.

Rio de Janeiro, Brazil

October 20, 2017

STR: Central/South America hotel performance for Q3 2017

Hotels in the Central/South America region reported mixed year-over-year results in the three key performance metrics during Q3 2017, according to data from STR.U.S. dollar constant currency, Q3 2017 vs. Q3 2016Central/South America

Argentina

October 16, 2017

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).