STR: Mexico Q1 2019 Hotel Performance
Mexico's hotel industry reported negative performance results during Q1 2019, according to data from STR.
Mexico's hotel industry reported negative performance results during Q1 2019, according to data from STR.
Marriott International (NASDAQ: MAR) today announced that it expects to expand its footprint in Mexico by more than 50% to the end of 2023, following a robust year of new signings. In 2018, the company signed 36 deals in the Caribbean and Latin America, including more than 2,300 rooms or close to 40% of total rooms in Mexico. With these new deals, Marriott's total Mexico pipeline now features nearly 50 properties consisting of 8,000 rooms across the country - from Mexicali to Cancun, including key gateway cities such as Mexico City, Guadalajara and Monterrey and resort markets like Cancun, Los Cabos and Puerto Vallarta.
AMResorts is planning five new properties in Mexico this year, executives said at this year's Tianguis Turistico. The openings will expand the Apple Leisure Group company's Dreams, Now and Sunscape brands, bringing AMResorts' total branded portfolio in the country to more than 30 resorts. Officials also shared new details on their plans to rebrand three properties under the newly launched Reflect Resorts & Spas brand.
AIC Hotel Group, the experiential brand offering unmatched vacation experiences, and KIDZ BOP, the No. 1 music brand for kids, announced today the expansion of their partnership, debuting the KIDZ BOP Experience at Hard Rock Hotel Riviera Maya in Mexico in summer 2019. Following the successful launch at Hard Rock Hotel & Casino Punta Cana, the new KIDZ BOP Experience at Riviera Maya will allow kids 6-12 years old the chance to live out their pop star dreams with KIDZ BOP themed activities.
Celebrating the internationally recognized fashion doll's 60th anniversary, Hilton Mexico City Santa Fe has partnered with Mattel to transform one of the hotel's spacious guest rooms into the ultimate Barbie®glamping experience for families and lifelong fans. Launching this month, the exclusive room will allow guests to experience life like Barbie® from check-in to check-out.
Mar del Cabo debuts on Mexico's Baja Peninsula with a new look after a $4 Million renovation of the former Marbella Suites. Located midway between San José del Cabo and Cabo San Lucas, the European Plan boutique hotel is now the sixth property of Velas Resorts and its only EP offering.
Marriott hotels in Costa Rica will start 2019 with newly renovated rooms providing guests a new experience of luxury and modernity, with designs created to evoke the destination and local nature in every detail.
Hilton (NYSE: HLT) and Atlantica Hotels today announced the signing of a management license agreement whereby Atlantica plans to develop and manage DoubleTree by Hilton hotels in Brazil. As part of this agreement, the companies also announced the first planned DoubleTree by Hilton hotel in Porto Alegre, Brazil. This agreement will introduce DoubleTree by Hilton in Brazil, underscoring Hilton's continued commitment in the Caribbean and Latin America to introduce the company's industry-leading brands across the region.
Mexico's hotel industry reported mixed performance results during 2018, according to data from STR. Compared with 2017:
Best Western® Hotels & Resorts today announced that it has assumed direct responsibility for the Best Western brand in Mexico & Central America and surrounding countries (collectively, "Mexico"). Best Western will now operate on a property direct relationship ("PDR") with Best Western branded hotels in Mexico, all of which remain independently owned and operated. The transition to direct responsibility of the brand in Mexico will result in focused brand-level efforts and increased synergy and efficiency across Mexico, South America, and Central America.
Hoteles City Express S.A.B. De C.V. ("Hoteles City Express" or "The Company") (BMV: HCITY) announces the opening of 8 hotels reaching 152 hotels in operation and more than 17,100 rooms installed over the next weeks.
Mexico's hotel industry reported mixed performance results during Q3 2018, according to data from STR.
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:
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 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 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 (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 (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.
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:
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."