Why attend

 

  Here's why Mexico is a top draw for hotel development

Mexico, the most developed hospitality market in Latin America, is poised for continued growth in 2016. A favorable exchange rate that will boost international arrivals, an increase in new-build hotels, overall healthy demand and strong revenue per available room growth are all strengths of the market, according to new research from JLL. In fact, the “Hotel Destinations Mexico” report shows that the country has enjoyed record-breaking visitation levels for the past four years. In addition, foreign direct investment is projected to total $30 billion in 2016 and grow 6 percent annually to $38 billion by 2020, according to JLL. All of this served as a backdrop to the Mexico Hotel & Tourism Investment Conference, which was held recently in Mexico City. Alexi Khajavi, EVP of the Questex Hospitality Group, moderated the panel titled “Hospitality Industry Opportunities: Mexico and Beyond,” during which participants exchanged points on view on how hospitality brands need to understand the local market and identify trends in order to achieve their business goals in the region. Need to read more,please refer to http://www.hotelmanagement.net/own/here-s-why-mexico-a-top-draw-for-hotel-development


     

  Hotel Industry Performance Mexico

 Mexican Hotel Industry Reports a 19.2 Percent Increase in RevPAR

Compared with Q1 2015, the Mexican hotel industry’s occupancy dipped 1.9% to 63.8%. However, a 21.6% rise in average daily rate to MXN2,442.49 drove revenue per available room up 19.2% to MXN1,557.11.
The Mexican hotel industry reported mixed results in the three key performance metrics for the first quarter of 2016, according to data from STR.
Compared with Q1 2015, the Mexican hotel industry’s occupancy dipped 1.9% to 63.8%. However, a 21.6% rise in average daily rate to MXN2,442.49 drove revenue per available room up 19.2% to MXN1,557.11.
“The devaluation of the peso combined with a prime season for travel made Mexico an attractive and affordable destination for U.S. travelers,” said Fatima Thompson, STR’s associate director of business development, hotels. “Even with a slight decrease in occupancy, hoteliers were able to raise rates to drive RevPAR.”  please refer to http://www.hotelnewsresource.com/article88996.html


     

  Mexico City Launches Free Insurance to Boost Tourism

Mexico City - Mexico City launched Tuesday a plan of free insurance to attract more tourists who were diminished by fears for A/H1N1 flu there, the epicenter of April's A/H1N1 flu outbreak.
"Mexico City receives jobs due to the visits of foreign tourists, now we are giving something back," the city's tourism minister, Alejandro Rojas Diaz Duran, told media while launching the plan at an upscale hotel.
Under the measure, tourists checking in at hotels in the city will automatically receive the insurance coverage, and tourists that stay with local friends and relatives can also register for the coverage at any hotel with their return tickets.
The insurance, provided by Mapfre company, not only tackles with the flu symptoms, but also covers medical emergencies from road accidents to appendicitis, and provides a hotline for tourists who lose passports or need emergency advices. Please refer to http://www.banderasnews.com/0907/to-freeinsurance.htm

     

  The Best Hospitality Event in Mexico
The 2nd Mexico Hotel Congress and Awards is an exciting new conference and exhibition that is envisaged to become the most influential event focused on hospitality industry in Mexico.With primary focus on Mexico high-growth markets, The 2nd Mexico Hotel Congress and Awards is where hospitality senior executives, government officials, Investors, technology vendors, and thought leaders will come together to network, launch, discover and build valuable new partnerships.

From market overviews to expansion strategies, and from design to construction, the event will bring the latest innovative thoughts to the heart of hospitality market, serving as a catalyst for collaboration between Mexico and global investors, technology providers.Hosted by Mexico, fast growing potential market, and brought to you by a highly experienced team, The 2nd Mexico Hotel Congress and Awards is critical to solve the up-coming issues that the hoteliers are facing right now.
 
     


News

Contact Us

210 Unit E 15/F Cheuk Nang Plaza 250 Hennessey Road, Wanchai Hong Kong
Tel: +852 8199 0962
Email: info@mykar-events.com