As 2023 ends, regional HVS leaders across the globe take a look back at how the global hotel industry fared this year. Overall, operating metrics shined brightly, with revenue growth achieved in most global markets, while investment activity cooled. The investment market is expected to improve in 2024.
Following the aftermath of hosting the 2022 FIFA World Cup, Qatar is looking to maintain the level of attention its travel and tourism industry received. With future events planned and a long-term vision, the country is actively working to diversify and strengthen its brand to keep up with its neighboring competitors.
After several economic and political disruptions across South America, there is now greater clarity in several countries, giving rise to compelling opportunities in some urban markets and across the leisure sector. The outlook appears bright throughout much of the region.
As the South American hotel industry is recovering after the pandemic hit the continent hard, Richard Katzman (Managing Director, HVS Mexico City) and Fernanda L'Hopital (Senior Project Manager, HVS Buenos Aires) gave an interview to TOPHOTELNEWS about the current status of development prospects across this continent.
The COVID-19 pandemic and resulting restrictions on domestic and international travel, economic activity, and individual movement are having an unprecedented impact on the lodging and tourism industry in Latin America. While government authorities across the region work to manage restrictions and phased reopening plans, uncertainty prevails over the duration of the global pandemic.
The recent performance of South America in terms of economic growth and political and institutional stability has attracted interest among investors in the region offering significant opportunities for potential investors.
How could this affect countries like Argentina and Uruguay, where the American dollar has historically been the only reference currency? Is it time to think of other options like those used in Brazil or Chile?
¿Cuál podría ser el impacto en países como Argentina y Uruguay donde históricamente el dólar es referente exclusivo? ¿Habrá llegado la hora de pensar en alternativas como las que son habituales en Brasil o Chile?
2010 South America Hotel Market Overview offers a detailed Economic and Tourism analysis focusing on four key markets – Buenos Aires, Santiago, Lima and Bogota, setting future trends and opportunities.
The hotel industry keeps pace with the growth of the economy at a global level, and for Latin American countries opportunities for development are many