Latin America continued to be a center of growth for the hospitality industry, with better infrastructure and inter-regional tourism driving growth.
Hotel chains continued to see strong growth in Latin America in 2012, with the number of rooms held by the top 10 chains increasing by 50,000 over the past two years. This growth reflects Latin America’s successes Alvaro Diago, Chief Operating Officer of IHG told LBC, from improved infrastructure, to economic growth, to attracting tourism from throughout the world. Executives are even more excited for the near future.
IHG – the world’s largest hotel chain, which counts such chains as the Intercontinental, Crowne Plaza, and the Holiday Inn – led the index for another year, with 58,503 hotel rooms by the end of 2012. This represents more than one quarter of all hotel rooms in the region, and is an improvement of almost 27,000 over the past two years. Diago tells us this growth will continue this year, with eight hotel openings planned for this year alone, and an additional eight on the docket for 2014. “We continue to be excited about Latin America as a growth region, especially in countries like Colombia, Peru, and Brazil,” Diago said.
Second and third place in the region were occupied by France’s Accor Hospitality and Spain’s Sol Meliá, which respectively rank number 5 and number 8 globally. Accor, which includes brands such as Sofitel, Pullman, Novotel, Mercure and Ibis – had 35,330 rooms, and increase of 7,000 rooms over …
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
By Jerry Haar and Krystal Rodriguez
The dictionary definition of crucible is “an extremely …
Latin America is at the crossroads of a new economic paradigm. The region can no longer depend …