Brazil and Mexico named as development hotspots
At a recent Latino Hotel Association’s 2011 International Conference & Expo in Las Vegas, a conference session featuring development experts specifically highlighted Brazil and Mexico as development hotspots. Both countries are benefiting from a strong gross domestic product growth and declining unemployment. IHG, for example, has a pipeline of 50 hotels to add to its 120 (20,000 rooms) already open. Hilton Worldwide plans five to add to 23 hotels open in Mexico and plans around 60 open by 2014-15. For these companies, Mexico’s drug violence is a problem but the country’s potential for tourism is too strong to ignore.
Brazil impresses developers of course with the approach of the 2014 FIFA World Cup and 2016 Olympic Games. But development partners have been hard to find for some international hotel companies.
[pictured: View from a room at the HolidayInn Resort Acapulco; courtesy IHG]