Retiring in San Miguel de Allende
#RetirementinMexico - #RealEstateinSanMiguel
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Mexico Hotel & Tourism Market Shows Positive Trends as STR Reports Gains in the Americas
As the outlook for Mexico’s hotel industry continues to gain positive traction through the country’s promising economic and political environment, as well as a booming tourism industry, a report issued by STR Global shows that hotels across the Americas region are achieving positive results.
In the past year large hotel groups, such as Starwood Hotels and Resorts, have announced plans to expand their Mexico portfolios and given the recent figures, the acquisitions by such large hotel groups appear to be paying off.
According to the reports by STR, the Americas region reported a 2.8-percent increase in occupancy to 65.2 percent, a 3.4-percent increase in average daily rate to US$117.93 and a 6.3-percent increase in revenue per available room to US$76.89, as compared to March 2013.
Mexico City, Mexico, reported the largest occupancy increase, rising 15.9 percent to 71.2 percent and proved itself to be the key player in the list of high performing markets in the Starwood Hotels American portfolio.
Santiago, Chile, followed with an 11.9-percent increase to 81.5 percent.
San Francisco, California (+11.0 percent to US$185.59), and Santiago (+10.3 percent to US$206.08) achieved the largest ADR increases.
Palms International Real Estate San Miguel Exclusive
#RetirementinMexico - #RealEstateinSanMiguel
#LivinginSanMigueldeAllende - #RetiringinSanMigueldeAllende
Mexico Hotel & Tourism Market Shows Positive Trends as STR Reports Gains in the Americas
As the outlook for Mexico’s hotel industry continues to gain positive traction through the country’s promising economic and political environment, as well as a booming tourism industry, a report issued by STR Global shows that hotels across the Americas region are achieving positive results.
In the past year large hotel groups, such as Starwood Hotels and Resorts, have announced plans to expand their Mexico portfolios and given the recent figures, the acquisitions by such large hotel groups appear to be paying off.
According to the reports by STR, the Americas region reported a 2.8-percent increase in occupancy to 65.2 percent, a 3.4-percent increase in average daily rate to US$117.93 and a 6.3-percent increase in revenue per available room to US$76.89, as compared to March 2013.
Mexico City, Mexico, reported the largest occupancy increase, rising 15.9 percent to 71.2 percent and proved itself to be the key player in the list of high performing markets in the Starwood Hotels American portfolio.
Santiago, Chile, followed with an 11.9-percent increase to 81.5 percent.
San Francisco, California (+11.0 percent to US$185.59), and Santiago (+10.3 percent to US$206.08) achieved the largest ADR increases.
Palms International Real Estate San Miguel Exclusive
