Latin America’s tourism industry continues to lure investors


Photo: Central Lima. Hilton recently announced thee development of seven new hotels in Peru. Credit: Art DiNo/Flickr

18th May 2016

Interview with Juan Corvinos, Managing Director, Development for Hilton Worldwide in Central America, Andean & Hispanic Caribbean Regions
The tourism industry continues to give signs of expansion in Latin America.
Latin Trade interviewed Juan Corvinos, Managing Director, Development for Hilton Worldwide in Central America, Andean & Hispanic Caribbean Regions, to learn his views on the hospitality’s industry prospects in the region over the short to medium term.
Corvinos is optimistic despite current headwinds in several Latin American countries. In fact, he says Hilton has been and will remain very active in opening new properties. The mega-chain has inaugurated more than 30 hotels in the last 15 months and plans to open 17 more before the end of this year. Only last week they announced the development of seven new hotels in Peru, which will allow Hilton to increase their presence two-fold in the Andean nation over the next three years.
 
How do you see the industry performing in the next 18 months considering the economic slowdown in several markets and other threats like zika, but also some opportunities such as weaker local currencies?
I think it’s fair to say that there are pluses and negatives, but we prefer not to focus on the negatives. There are lots of opportunities in several countries in Latin America. We can point to cases like Peru, Colombia, Chile, others in Central America, with great developments in both the leisure and business travel …

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