Published On: Wed, Jun 25th, 2014

Although Mexican Economy is moving slowly, Tourism Industry is recovering

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As much as US $4 billion will be invested in the hotel industry in the next two years, according to the National Association of Hotel Chains.

Investments in airport infrastucture, restaurants, recreation facilities, golf courses, marinas, retirement communities and timeshares are included in the figure.

Hotel in Quintana Roo

Quintana Roo

• In Huatulco, Oaxaca, Melía Hotels International is building a new hotel in partnership with Fonatur. It will operate under the Paradisus brand, and represents a US $120 million investment.

• Iberostar will put more than $100 million into a new hotel in Litibú, Nayarit, with 450 rooms.

• Grupo Posadas has agreements in place to operate 40 new hotels with a total of 5,424 rooms, a 28% increase in its capacity, with an investment of $412 million. Seventy-six per cent of those hotels are considered in market terms to be “economical,” and will include the newly-launched brand Gamma by Fiesta Inn.

Other hotel plans include Hyatt’s seven new properties valued at $800 million over the next three years, and City Express’s investment of about $230 million over two years.

Fibra Inn, which operates hotels for business travelers, has indicated it will boost its presence seeing greater potential as a result of energy reform.

The La Quinta hotels group is also planning expansion in Mexico, with plans for 18 hotels here and in Central and South America.

Luis Barrios, president of the National Association of Hotel Chains, said that although the economy is moving slowly, tourism is recovering. Income from tourism grew 15.5% in the first four months of the year, according to the Bank of Mexico.

Source: http://mexiconewsdaily.com/

 

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