STR: New supply weakens Rio hotel occupancy levels during Carnival 2017
Despite an increase in demand, hotels in Rio de Janeiro reported lower occupancy levels during this year's Carnival of Brazil, according to data from STR.
Press Releases
Blackstone Announces Acquisition Of The Windsor Atlantica Hotel In Rio De Janeiro
Blackstone today announced that funds managed by its real estate business have agreed to acquire the Windsor Atlantica Hotel on Copacabana Beach in Rio de Janeiro, Brazil. As part of the transaction, Blackstone has signed a management agreement with Hilton for this asset and following a period of transition plans to convert the hotel to the "Hilton Rio de Janeiro Copacabana".
STR: Caribbean/Mexico hotel pipeline for February 2017
STR's February 2017 Pipeline Report shows 35,772 rooms in 203 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 12.2% increase in rooms Under Contract compared with February 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 region reported 13,943 rooms in 80 projects In Construction for the month. Based on number of rooms, that is a 3.1% decrease in year-over- year comparisons. Two countries in the region reported more than 1,000 rooms In Construction:
Hacienda Beach Club & Residences Unveils Plans For 1 Hotel & Homes Cabo
Hacienda, the 22-acre private residential community in the heart of Cabo San Lucas, unveiled plans today for its next phase of residences, a limited offering of 55 for-sale branded luxury "1 Homes" within the recently announced 1 Hotel & Homes Cabo. The first international residences from the mission-driven luxury lifestyle brand, 1 Hotel & Homes Cabo will expand on a legacy of excellence at Hacienda, which completely sold out its original 109 residences at Hacienda Beach Club in 2015. Uniquely located on the only year-round swimmable beach in Cabo, with direct views of the iconic Land's End and steps away from the most famous Marina in North America, the new 1 Hotel & Homes Cabo will sit directly at the site of the famed Hacienda Hotel, host to the likes of Bing Crosby, John Wayne and Desi Arnaz.
AccorHotels to consolidate leadership in Brazil with the integration of 26 BHG hotels
AccorHotels announces it has signed an agreement with Brazil Hospitality Group (BHG) and its shareholders, funds managed by GP Investments and GTIS Partners, in order to take over the management of 26 hotels (c. 4,400 rooms) currently owned or managed by BHG, the third-largest hotel company in Brazil.
Hilton Expands Presence In Colombia With Signing Of Hilton Medellin
Hilton (NYSE: HLT) and Constructora Colpatria today announced the signing of a franchise license agreement to open Hilton Medellin, bringing the company's flagship brand to Colombia's second largest city. The multi-million project will be one of the largest real estate investments in Colombia this year. The 25-story, 206-room new-build development is planned to open in Q2 2019.
Jose Pascual Fernandez Estevan Named Director of Food and Beverage for New Grand Velas Los Cabos Resort
Jose Pascual Fernández Estevan has been named Director of Food & Beverage for the new Grand Velas Los Cabos Resort, effective immediately. In his new position, he is responsible for overseeing the restaurants and bars, 24- hour in-room dining, and catering services of the "Beyond All-Inclusive, Beyond All Compare" resort which opened in December 2016.
Hyatt Regency Andares Guadalajara Opens in Mexico
Hyatt Hotels Corporation (NYSE: H) announced today the official opening of Hyatt Regency Andares Guadalajara, the fourth Hyatt Regency hotel in Mexico. With this hotel, the Hyatt Regency brand is marking its return to the city of Guadalajara as part of the mixed use Andares development, a successful luxury commercial complex.
STR: Caribbean/Mexico hotel pipeline for January 2017
STR's January 2017 Pipeline Report shows 33,833 rooms in 199 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 4.4% increase in rooms Under Contract compared with January 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 region reported 12,818 rooms in 81 projects In Construction for the month. Based on number of rooms, that is a 9.4% decrease in year-over-year comparisons. Among the region's key markets, Central Mexico (4,741 rooms in 36 projects) reported the largest number of rooms In Construction.
Hyatt Announces Plans for First Hyatt Place Hotel in Aruba
Hyatt Hotels Corporation (NYSE: H) announced that Hyatt has entered into a management agreement with Pelca Development V.B.A. for a Hyatt Place hotel within the Aruba Airport Business Center in Oranjestad, Aruba. The 116-room hotel will be the first Hyatt Place hotel in Aruba, adjacent to the Reina Beatrix International Airport (AUA), and will provide guests with a relaxing and uncomplicated place to pause before beginning the next leg of their journey.
STR: Mexico hotel performance for year-end 2016, Q4 2016
The Mexican hotel industry reported positive year-over-year results in the three key performance metrics during 2016, according to data from STR.Compared with 2015, occupancy was nearly flat (+0.1% to 63.6%). However, average daily rate (ADR) jumped 17.0% to MXN2,327.16, resulting in a 17.1% spike in revenue per available room (RevPAR) to MXN1,479.60."It is not surprising that the Mexican hotel industry closed 2016 with strong numbers," said Fatima Thompson, STR's associate director of business development, hotels. "The tourism industry is considered one of the main engines of the economy in Mexico, and in 2016, Mexico saw more international visitors due to a favorable exchange rate for foreign travelers."With double-digit increases in ADR, all five key markets in the country posted double-digit growth in RevPAR, led by Northwest Mexico (+50.6% to MXN1,548.44) and Mexico City (+22.3% to MXN1,760.73).Mexico City also reported the largest occupancy increase (+4.1% to 69.4%) for the year.Two key markets saw negative occupancy performance: Yucatan Peninsula (-3.0% to 69.4%) and Northeast Mexico-Monterrey (-0.5% to 62.4%).Q4 2016During the fourth quarter of 2016, the Mexican hotel industry reported positive results in the three key performance metrics. Occupancy rose 1.3% to 63.0%, and ADR was up 21.5% to MXN2,569.47. As a result, RevPAR increased 23.0% to MXN1,619.56.A note to editors: As of 1 March 2016, all references to STR data and analysis should cite "STR" as the source. Please refrain from citing "STR, Inc." "Smith Travel Research" or "STR Global" in sourcing as those names no longer fit within the updated STR brand.Additional Performance DataAre you a member of the media looking for performance data for a hotel market not included in this release? STR's sample comprises more than 55,000 hotels and nearly 7.5 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.
New development by Sheraton soars over Cartagena’s coast
Sheraton adds to its list of Colombian hotels with a new opening set for March 2017. Sheraton Cartagena is a 5-star, new build development with a key count of 256 and will be located on a narrow finger of land jutting out from the city's peninsula towards the Isla de Tierra Bomba. Cartagena, located on Colombia's Caribbean coast, is the country's fifth largest city and has been a popular tourist haunt for many decades. Colombia has seen increased peace and prosperity in the recent past and its tourism industry has benefited enormously from these calmer times.
Hard Rock Hotel Papagayo to Open 2019 in Costa Rica
Hard Rock International announced plans to bring the Hard Rock Hotels experience to Costa Rica with the all- inclusive Hard Rock Hotel Papagayo, Costa Rica. Hard Rock, in collaboration with Sunwing Travel Group, is set to open Costa Rica's first Hard Rock Hotel by early 2019. The brand's strategic partnership with Sunwing Travel Group, the largest tour operator in North America, provides the perfect opportunity for future growth within the region. With Hard Rock and Sunwing Travel Group's shared vision of providing authentic experiences in word-class destinations, this new partnership paves the way for potential collaborations in both the Caribbean and Latin America.
Hilton Furthers Growth in Colombia with Signing of Hilton Bogota Corferias
Hilton (NYSE: HLT) today announced the signing of a management agreement with Corferias to operate a new build Hilton Hotels & Resorts property in the convention and exhibition center of Bogota, Colombia. Scheduled to open in 2018, the new 414-room Hilton Bogota Corferias will extend the company's presence in Colombia, where Hilton currently has a portfolio of 13 operating hotels and approximately 10 under development.
Cachet Hospitality Group Set To Unveil Cachet Beach Hotel, New Resort Destination In Cabo San Lucas, Mexico
CACHET Hospitality Group (CHG) and Cabo Villas Beach Resort and Spa announced today the debut of Cachet Beach Hotel & Beach Club in Cabo San Lucas, Mexico. The opening represents the first phase of Cachet Corazon, CHG's first dual-branded resort destination; the second phase, Cachet Deluxe Los Cabos, is set for completion in 2018. Boasting 77 stylishly re-imagined rooms, a sizzling Beach Club, Aleta Seafood Grill, Bar and Sun Deck, three chill wet areas and rejuvenating spa experiences at Spa Ritual, Cachet Beach redefines beach chic for the modern traveler.
IHG Breaks Ground on Two New-Build Staybridge Suites® Hotels in Guanajuato, Mexico
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, and the largest global hotel company in Mexico, today announces the groundbreaking on two new-build 120-room Staybridge Suites® hotels in the Mexican cities of Irapuato and Silao. Both properties will be operated by Grupo Presidente®, one of IHG's long-term partners in Mexico.The Staybridge Suites Irapuato hotel will be located eight miles north of downtown Irapuato along Federal Highway 45 and in close proximity to the Marabis Plaza, home to retail and food and beverage outlets. The Staybridge Suites Silao hotel will be situated in the Guanajuato Inland Port, the main business park in the Bajio region, and next to the Del Bajio International Airport. Both nine- story hotels will be located in the state of Guanajuato and are slated to open in late 2017.
Hilton Announces Signing of Nine Hotels in Mexico
Hilton (NYSE: HLT) today announced the signing of nine properties in Mexico that represent a number of Hilton brands, including Hilton Hotels & Resorts, Curio – A Collection by Hilton, Hilton Garden Inn, Hampton by Hilton and Homewood Suites by Hilton, as well as the company's first dual-branded property in the country. These newly announced properties contribute nearly 1,200 rooms to the hotel company's pipeline and will join the portfolio of more than 45 existing hotels in Mexico.
New luxe villa hotel to open in Las Catalinas Costa Rica February 2017
Modern travellers seeking an authentic Costa Rican experience filled with immersive culture, adventure and romance will love the new Casa Chameleon Las Catalinas hotel opening February 2017.
IHG Announces Opening of Holiday Inn Resort® Hotel in Mazatlan, Mexico
InterContinental Hotels Group (IHG) one of the world's leading hotel companies, announces the opening of the Holiday Inn Resort® Mazatlan hotel in Mazatlan, Mexico. The new-build 164-room beachfront property is the first Holiday Inn Resort in Sinaloa State and the fourth in Mexico, joining the Holiday Inn Resort Acapulco, Holiday Inn Resort Los Cabos and the recently opened Holiday Inn Resort Ixtapa properties.
Andaz Mayakoba Resort Riviera Maya Opens In Mexico
Hyatt Hotels Corporation today announced the official opening of Andaz Mayakoba Resort Riviera Maya. Joining internationally acclaimed eco-destination Mayakoba, the premium oceanfront property helps bring an exciting new experience to the locale, immersing guests in a hidden paradise with six miles of freshwater canals surrounded by exotic mangroves, lagoons, flora and fauna as well as tropical birds. The setting transports guests into a lush natural environment where locally inspired experiences, cuisine and personalized service are brought to life. Andaz Mayakoba Resort Riviera Maya marks the first Mexico property for the lifestyle brand. To celebrate the grand opening, Andaz Mayakoba Resort Riviera Maya is offering guests a complimentary third night plus breakfast when booking a three or more night stay by February 15, 2017 for visits from January 6-April 8, 2017. See below for terms.