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.
This is the second in a series of market snapshots that HVS Buenos Aires will be producing for different booming markets within South America. The second to be selected is the Santiago -Chile- luxury and upper-upscale markets.
October 16, 2009
ByGraciana Garcia Iribarne ,Arturo Garcia Rosa
Mexico’s tourism industry has been at the forefront of international lodging trends, and the country is once again reinventing its coastlines and interior colonial towns with the proliferation of master-planned resort-residential communities.