The construction and opening of new hotels by the different hotel chains is a clear example of the positive moment that the industry is experiencing in the region. This was stated in statements to the Reuters news agency, Arturo García Rosa, partner of the consultancy HVS, the company in charge of the South American Hotel Investment Summit held in Santiago de Chile last week.
"Latin America is going through a very interesting period, investments are multiplying throughout the region," said the official, adding that "expectations are very great, we believe that beyond what happens in the rest of the world there are many possibilities."
This is based on the investments that chains such as Starwood, Hilton Worldwide and Accor have budgeted for the coming years. In the case of Starwood, it is expected that by the end of 2011 it will have added seven hotels to its offer in Latin America, reaching 70 hotels in 13 countries in the region.
Hilton Worldwide announced that it expects to open nearly 18 hotels by the end of 2013 in countries such as Argentina, Brazil, Colombia, Peru and Mexico. Likewise, the European group Accor announced expansion plans with emphasis on the Brazilian market and by 2015 the chain expects to have a total of 260 establishments throughout Latin America.
