Some US$2 billion will be invested by the hotel industry in the period from 2007 to 2013 in Peru, according to the country's National Chamber of Tourism (Canatur).The entity said that during these six years the money will be allocated to the construction, remodeling and expansion of hotel establishments.
Most of the buildings and modifications will be made by the five- and four-star hotels, which could invest about US$1.4 billion, while US$300 million will be for three-star accommodations and the remaining figure for lower-end hotels, according to Carlos Canales, president of Canatur.
The hotel that has so far demanded the largest investment is the Westin Libertador (pictured), worth about US$100 million, which is expected to start operations by the end of 2010 in Lima. Marriott has also invested $45 million in a hotel in Cusco.
Currently, 19 hotel construction projects are under construction.
