Major hoteliers eye on Mexican tourism sector
Major hoteliers operating in Mexico is planning to open around 350 new properties in the country by the year 2022, to exploit the favourite condition prevailing in the tourism sector.
City Express Hotels, which mainly targets business travelers, will lead the way by opening 80 new properties over the next three years.
Business travel specialist, City Express Hotels will open 80 new properties over the next three years.
“We see a challenging economic outlook but we are maintaining the positive idea of continuing to position ourselves in the center of cities” said Jose Luis Carrete, while talking to the local media.
AMResorts plans to open 66 new hotels in the same period, while Grupo Posadas will open 48 with USD 1.5 billion investment.
Marriot, the NH Group, Hoteles Mision and the Intercontinental Hotels Groups have, in that order, the next most ambitious plans. The four chains will collectively open around 150 new hotels over the next three years.
AMResorts
Meanwhile, the Mexican Hotel and Motel Association (AMHM) is forecasting that the number of luxury hotels in Mexico will increase by 5% in 2019, three points above the figure recorded in the past three years.
Around 50 per cent of the new luxury hotels that open in Mexico this year will be time-share properties or vacation clubs, according to Juan Ignacio Rodriguez, the executive director in Latin America of timeshare vacation exchange network RCI.
Among the hotels that will open in 2019 are Paradisus Playa Mujeres and Now Natura Riviera Cancún in Quintana Roo, Nobu Hotel and Hard Rock Hotel, both in Los Cabos, Baja California Sur, and Conrad Playa Mita in Nayarit.