The hospitality industry in Mexico is a thriving industry – third-highest contributor to GDP with a growing number of both business and leisure travel trips. It is the country with the highest number of travelers in Latin America. More than 65% of visitors are from the USA and Canada. In order to attract visitors from Asian Countries, New direct flights from Asia started in early 2018. Including from Tokyo, Shanghai, and Seoul.
Total hotel supply in Mexico registered at 22,560 properties with approximately 808,000 rooms. There are around 180 international and domestic brands. Grupo Posadas is the leader in the segment, with more than 140 hotels.
Upper Mid-Scale Segment is Dominating the Market
The development of new projects is broken down as follows: 13% are in the luxury category, 52% are upscale, 16% midscale, 6% economy and 13% unbranded.
Fibras (Mexican equivalent of real estate investment trusts) allow institutional investment to enter the Mexican market. However, there is a gap for resort hotels where Spanish investment dominates, but there is space for different types of foreign investment in beach and resort locations.
In the US hospitality investment has reached levels of saturation, creating opportunity to attract such investment to Mexican destinations.
PRO Project Management is proud to be working with developers and landowners bringing Turnkey solutions that deliver high quality facilities in an unfamiliar emerging market. For further details, please contact Mr. Omar Chavez firstname.lastname@example.org