STR: Brazil hotel ADR higher than 2019 levels
Brazil’s hotel industry has surpassed its 2019 comparables in average daily rate (ADR) for two of the last three months, according to September 2021 data from STR.
Press Releases
The Excellence Collection Formalizes Sustainable Credits From BBVA For Properties In Mexico
The Excellence Collection formalizes its first and largest financial stride to set in motion a plan that adheres to a more responsible and sustainable concept of hospitality. The funds, referred to as Green Credits, will be financed by BBVA Mexico - a leading institution that encourages and enables bio-friendly solutions in tourism - and will be focused on the improvement of the environmental, social and governance performance (ESG) at the adults-only, Excellence Playa Mujeres; the all-ages, Finest Playa Mujeres; and the couples-only, Beloved Playa Mujeres.
Brazil Hotels Recovering ADR Much Faster Than Occupancy
After a difficult winter, Brazil’s hotel occupancy is once again on the rise, reaching 44% in August 2021, or about 74% of the 2019 comparable. While occupancy recovery has been slow, the country’s rebound in average daily rate (ADR) has been strong, with monthly rates even exceeding 2019 levels earlier this year. August ADR reached BRL295.05, which was just 3.4% below 2019, as shifts in demand and supply have helped drive impressive ADR performance.
A Brighter Future for Colombia?
Colombia’s accelerated vaccination rollout and lessened restrictions on eligibility pushed the country’s vaccination rate to 32.1% as of 22 September, according to Our World in Data. Is that growing vaccination rate helping improve hotel performance in this key South American country? The answer would seem to be, yes, but to a lesser extent for some areas of the country.
Marriott International Announces Agreement with Saxum Group to Develop Residence Inn by Marriott and Fairfield by Marriott in Costa Rica
Marriott International, Inc. today announced it has signed an agreement with Saxum Group to develop the first Fairfield by Marriott and second Residence Inn by Marriott in Costa Rica, growing its portofolio to 17 hotels in this sought after market. The new properties will feature 125 and 117 rooms respectively.
Sonder Holdings Inc. Grows Footprint in Mexico Adding Eight Additional Properties
Sonder Holdings Inc. (“Sonder”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, is adding eight additional properties to its existing portfolio of managed and operated accommodations in Mexico City.
La Colección Resorts by Fiesta Americana Adds Three New Properties
La Colección Resorts by Fiesta Americana, a collection of distinctive urban and beach resorts located across Mexico and the Dominican Republic, continues to grow its portfolio with new resort offerings and brands located in different Mexican destinations. Marking the first Curamoria Collection property within La Colección Resorts by Fiesta Americana is Náay Tulum, a boutique resort concept already open that melds intimate luxury and signature experiences. Guests will also soon have new Live Aqua hotels to choose from, best known for its sensorial experiences, with new builds arriving to Playa Mujeres and Valle de Guadalupe in summer 2023 and winter 2023, respectively.
Costa Rica By Land, an Initiative to Promote Responsible Tourism Recovery
Airbnb has launched an alliance with WWF Mesoamérica, the Costa Rican Chamber of Restaurants (CACORE) and the National Chef’s Association (ANCH) in order to boost the revival of international tourism and promote safe, responsible and sustainable travel through its Costa Rica by Land initiative, which includes two routes for road trips.
Mexico Could Feel the Loss of US Travelers as COVID-19 Restrictions Persist, Says GlobalData
Non-essential travel across the land border between the US and Mexico remains restricted 17 months on from the onset of the COVID-19 pandemic and this could have devastating impacts for Mexico’s tourism industry, says GlobalData, a leading data and analytics company.
Airbnb Announces Partnership With UNESCO To Promote Cultural Tourism
To contribute to the reactivation of tourism in a responsible and sustainable way in Mexico, and to expand the benefits of cultural and creative tourism to more communities, Airbnb will promote destinations and experiences outside the traditional tourist circuit, with the backing of the United Nations Educational, Scientific and Cultural Organization (UNESCO).
Casai, LatAm Hospitality Tech Startup, Acquires The Brazilian Operations Of Q Apartments To Fuel 33x Annual Growth In Brazil
Casai , a tech startup serving the hospitality market in Latin America, is today announcing the acquisition of the Brazilian operations of Q Apartments , a global leader in the corporate serviced apartment industry. This acquisition will allow Casai to multiply its Brazilian portfolio immediately and leverage its expertise in short-stay operations to meet the quickly recovering demand in the B2B segment. In addition, Casai will become the primary operating partner for Q Apartments’ business throughout the rest of Latin America.
Grupo Xcaret In Mexico, Tourism As A Partner To Sustainable Development
Extension of the collaboration between UNWTO and the Grupo Xcaret has coincided with the opening of the new Hotal Xcaret Arte, an important investment that reveals the confidence of the Grupo Xcaret in the sustainable recovery of tourism. It is also taking shape in the context of the International Year of Creative Economy for Sustainable Development declared by the United Nations.
Argentina Hotels Struggling to Generate Occupancy Momentum
Most of South America continues to stagnate since the region exceeded 20% hotel occupancy in December 2020 thanks to the summer holidays and Christmas. However, one of the region’s key countries stands out for its inability to generate recovery momentum. Argentina closed May with the lowest occupancy (14.4%) in the region, which was well below the levels recorded in Chile (42.7%), Peru (38.4%), Brazil (30.9%), Uruguay (30.0%), and Colombia (25.0%).
TAFER Hotels & Resorts Further Invests In Mexico Through Major Resort Expansion Over Next Five Years
TAFER Hotels & Resorts – a leisure and hospitality company with an ever-growing and evolving collection of award-winning hotels, luxury resorts, and boutique villas located throughout Mexico’s most coveted beach destinations – is pleased to announce its ambitious investment initiative, encompassing the development of thousands of hotel rooms, and the introduction of several new luxury properties. Under its new Management Services division, TAFER will double its portfolio to 8,000 hotel rooms, while generating well over 6,000 direct and indirect jobs over the next five years. The expansion will include several of TAFER’s prestigious brands, including Hotel Mousai in Puerta Vallarta, Villa La Valencia Beach Resorts & Spa in Los Cabos and Garza Blanca Resort & Spa in Cancun.
UNWTO In Mexico To Build On Historic Political Support For Tourism
The Secretary-General of the World Tourism Organization (UNWTO) has embarked on a first official visit to Mexico. The visit of the high-level delegation further emphasises the unprecedented level of political support for tourism across the Americas as governments recognize the sector’s unique ability to drive economic and social recovery.
Aimbridge Hospitality Acquires Grupo Hotelero Prisma As Its First Expansion Into Mexico
Aimbridge Hospitality, a leading, multinational hospitality company, will assume ownership of Grupo Hotelero Prisma, the largest third-party operator in the Mexico market. With this acquisition, Aimbridge Hospitality will gain Prisma's esteemed team as well as management of 42 properties with over 7,500 rooms throughout the country including Westin Monterrey, JW Marriott Monterrey, JW Marriott Guadalajara, and Tribute Tulum.
Wyndham Hotels & Resorts Debuts 21st Brand, Registry Collection Hotels, With Grand Residences Riviera Cancun
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across nearly 95 countries, today unveiled its 21st brand, Registry Collection HotelsSM, adding a luxury offering to the upper end of the Company’s growing brand portfolio while further advancing its mission to make hotel travel possible for all.
Restrictions Push Lima’s Hotel Occupancy Down After Reaching 6-Month High
Recent COVID-19 restrictions pushed Lima’s hotel occupancy down after the market had reached a six-month high in April, according to data from STR.
Mexico’s Outbound Tourism Fell 73% In 2020, According To GlobalData
The COVID-19 pandemic has had a devastating effect on Mexican outbound travel, with the number of trips falling by 73%. This figure is the second-highest fall in the Americas, after Peru (76%). Despite commercial flights operating throughout the year at a limited capacity, many countries were reluctant to open their borders amid Mexico’s high COVID-19 infection and death rate. Ultimately, this has led to a devastating drop in outbound travel which will not recover until 2024, according to GlobalData, a leading data and analytics company.
WTTC Global Summit Showed The World How Major Live Corporate Events And Conferences Can Be Staged Safely
The World Travel & Tourism Council (WTTC) successfully and safely staged the world’s first major live international business conference in the COVID-19 era in Cancun, Mexico, last month.