Mexico Hotel Market 2024
In 2024, Mexico's tourism sector continued its robust post-pandemic recovery, contributing 8.6% to the national GDP and employing over 4.9 million people.
Press Releases
Fairmont Rio de Janeiro Receives Raízen Power Certification for Decarbonization
Fairmont Rio de Janeiro reinforces its global commitment to sustainability and announces the receipt of the Raízen Power certification for carbon emissions reduction. The renewable energy company uses a calculation methodology developed by the GHG Protocol, the leading national and international program for quantifying greenhouse gas (GHG) emissions, validated by organizations such as the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
Carnival Pushed Rio de Janeiro RevPAR to Record-High
Boosted by the annual Carnival, Rio de Janeiro’s hotel industry posted its highest monthly revenue per available room (RevPAR) on record, according to March preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Peru leads the way in embracing STAR to make tourism a pillar of rural development
The Latin American country has become the first in the world to adhere to a customised version of UN Tourism’s Self-Assessment Tool to Assist Rural Destinations (STAR). This step aligns with national efforts to strengthen rural tourism, including the initiative ‘Pueblos con Encanto’, which promotes the recognition and development of tourism in rural communities across the country.
Sandos Hotels & Resorts Debuts Additions and Renovations Across its Mexico Portfolio
After a busy year of development, Sandos Hotels & Resorts is proud to debut upgrades at all four of its unconventional all-inclusive properties. Upholding its sterling reputation as a purveyor of premier hospitality on Mexico’s west and east coasts, the Cabo San Lucas, Cancun and Riviera Maya hotels’ new offerings showcase a brand-new upscale resort tower, new and improved restaurants and bars, elevated amenities, curated programming and more.
Grupo Mirgor and Meliá Hotels International to develop a luxury hotel in Ushuaia
Grupo Mirgor and Spanish hotel company Meliá Hotels International have announced their alliance to develop a five-star hotel project in the city of Ushuaia, which will operate under the Gran Meliá luxury brand. The initiative is part of the diversification strategy of the Argentinean company Mirgor and its commitment to the expansion of the productive matrix of Tierra del Fuego, and furthermore, it is aligned with the strategic commitment of Meliá Hotels International to promote the most qualitative and sustainable tourism in the best destinations of the country.
Rio de Janeiro room rates jumped for G20
The 2024 G20 Summit pushed Rio de Janeiro’s hotel industry to its highest average monthly daily rate (ADR) and revenue per available room (RevPAR) since August 2016, according to November preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Grupo Vidanta Announces the Launch of VidantaWorld: A New Universe of Luxury Travel Experiences Based in Mexico
Grupo Vidanta, the leader in luxury hospitality and world-class entertainment in Mexico, proudly announces the official launch of VidantaWorld, a brand-new universe of luxury vacation experiences that aims to revolutionize the global travel and leisure industry. As Grupo Vidanta’s most ambitious endeavor yet, VidantaWorld promises travelers of all ages and interests a new way to vacation by blending innovative entertainment— spanning from the world’s best shows to world’s first-ever luxury mega theme park—with the best luxury the world has to offer.
Cali hotel room rates reached an all-time high during COP16
The hotel industry in Cali, Colombia, posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record during the 16th UN Biodiversity Conference (COP16), according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Rio de Janeiro’s room rates jumped to eight-year high thanks to Rock in Rio
Boosted by the Rock in Rio music festival, Rio de Janeiro’s hotel industry reached its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) in eight years, according to September preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Remington Hospitality Announces Management of Kimpton Mas Olas Resort and Spa
Remington Hospitality, a premier hotel management company, announces its new role managing the luxurious Kimpton Mas Olas Resort and Spa, set on Baja's most beautiful stretch of Pacific coastline in Mexico. This partnership underscores Remington’s commitment to delivering personalized, authentic, and memorable guest experiences at every turn, further solidifying its position as a leader in luxury hospitality in the vibrant Caribbean and Latin American (CALA) region.
Meliá announces two new openings in Buenos Aires, boosting their expansion in Argentina
Meliá Hotels International continues to grow, expanding its international presence and increasing its offer in Argentina. The hotel company announces the addition of two properties to its portfolio, the Almarena Puerto Retiro and the Almarena Madero Urbano, which will both open on 1 November under the Affiliated by Meliá brand. These hotels result from a new collaboration agreement with the Almarena Group, paving the way for Meliá to expand further in the country.
São Paulo hotel room rates reached record high in August
São Paulo posted its highest monthly average daily rate (ADR) and second highest revenue per available room (RevPAR) on record, according to August preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
TAFER Hotels & Resorts to Open Two Luxury Resorts and Exceptional Residences at Mexico’s Diamante Cabo San Lucas
TAFER Hotels & Resorts, a forward-thinking leisure and hospitality company celebrated for its collection of award-winning hotels, luxury resorts, and boutique villas across Mexico and the Caribbean’s most coveted beach destinations, is proud to announce a partnership with Diamante Cabo San Lucas (Diamante), a master-planned luxury resort community. As a part of its agreement, TAFER will open two new luxury hotels – considerably expanding the benefits of existing members of the Diamante Residence Club and TAFER Residence Club – as well as exceptional residences, ranging from one- to four-bedroom villas, within Diamante Cabo San Lucas, which is set on 1,500 acres of stunning Pacific Ocean coastline and magnificent dunes in Mexico’s Baja California. Additionally, TAFER has agreed to partner with Diamante to own and operate the Dunes Course by Davis Love III and El Cardonal by TGR Design.
Celebrate Ugly Betty’s comeback and book her home, now on Airbnb
Twenty five years after the first episode of the original Ugly Betty and with the arrival of the soap opera’s sequel, Airbnb is opening the doors to Betty’s house in Bogota, Colombia for fans.
UN Tourism launches the Tourism Investment Guidelines for Peru
During the launch, presented by the Ministry of Foreign Trade and Tourism of Peru and the Development Bank of Latin America and the Caribbean (CAF), recognition plaques were awarded to seven towns chosen as Peru's Best Tourism Villages in 2022 and 2023.
WTTC and U.S.-Mexico Foundation Sign MOU to Enhance Cooperation in North America's Travel & Tourism Sector
In a significant milestone, the World Travel & Tourism Council (WTTC) and the U.S.-Mexico Foundation (USMF) have announced the signing of a Memorandum of Understanding (MOU) to enhance cooperation in North America's tourism sector.
Industry first: Tokenized Debt Issuance will finance Hampton by Hilton hotel at El Salvador International Airport
Inversiones Laguardia S.A. de C.V. (Inverlag) is pleased to announce that HILSV, El Salvador's first tokenized debt issuance, is now live. The issuance aims to raise USD 6.25 million to finance the construction of a Hampton by Hilton hotel at El Salvador International Airport.
UN Tourism International Forum – Quintana Roo “Tourism and Culture: A Picture-Perfect Relationship”
Organized by UN Tourism and the Government of the State of Quintana Roo through the Tourism Promotion Council of Quintana Roo – an entity that is an Affiliate Member of UN Tourism – the International Forum "Tourism and Culture: A Picture-Perfect Relationship" has put the spotlight on the potential of audiovisual tourism to boost the product offerings of destinations and its suitability for tourism marketing and promotion. Participants discussed the creation and implementation of public policies for promotion through audiovisual content, raising awareness among tourists about environmental and cultural protection through on-screen content, as well as the broader relationship between tourism, culture and creative industries.
AB Living Group Announces Ambitious American Expansion Plans, With 30+ Years’ Experience In The Industry
The group globally known to-date for taking wellness hospitality to the next level with their flagship luxury wellness clinic SHA, among other projects on the Mediterranean Coast, announces the global expansion ofAB Living, their development entity that specializes in health and wellbeing, luxury hospitality and premium properties, prioritising excellence, design and sustainability in every single one of its projects.