Residence
»
HOTEL NEWS
»
Mexico and Brazil Lead Latin America’s Resort Building Increase with Document Development in This autumn 2024
Friday, February 7, 2025
Mexico and Brazil drive Latin America’s lodge increase in This autumn 2024, main a document surge in development tasks and fueling unstoppable trade development.
The newest This autumn 2024 Latin America Building Pipeline Pattern Report from Lodging Econometrics (LE) reveals a surge in lodge improvement throughout the area. The full development pipeline soared to 685 tasks with 110,033 rooms, reflecting a 15% year-over-year (YOY) rise in tasks and a 13% improve in rooms.
On the shut of the fourth quarter, 270 tasks encompassing 48,138 rooms have been actively underneath development—up 13% YOY in each classes. In the meantime, 179 tasks with 28,942 rooms have been slated to interrupt floor inside the subsequent 12 months, marking a 4% improve in tasks and a 5% rise in rooms YOY. The early planning part recorded probably the most vital enlargement, with 236 tasks and 32,953 rooms, representing a 28% development in tasks and 20% in rooms YOY. New challenge bulletins surged 44% by challenge rely and 32% by rooms YOY, totaling 82 tasks and 12,295 rooms launched in This autumn.
The posh lodge sector hit an all-time excessive, with 129 tasks and 26,077 rooms in improvement. The upper-upscale class additionally reached a document 115 tasks and 22,509 rooms, whereas upscale properties comprised 136 tasks and 19,220 rooms. Collectively, these three segments account for 56% of all tasks and 54% of complete rooms within the area’s pipeline.
Mexico, Brazil, and the Dominican Republic on the Forefront
Mexico stays the highest marketplace for lodge development in Latin America, reaching a document 248 tasks with 38,104 rooms, marking a ten% improve in tasks and seven% rise in rooms YOY. Brazil follows intently, registering 106 tasks and 14,799 rooms, a 23% improve in tasks and 9% rise in rooms YOY. The Dominican Republic additionally set document highs, climbing to 66 tasks and 16,908 rooms, reflecting a 38% leap in tasks and 31% in rooms YOY. Colombia and Peru spherical out the highest 5, with 30 tasks (3,971 rooms) and 28 tasks (3,753 rooms), respectively.
Main Cities for Resort Growth
Among the many most energetic cities in Latin America’s pipeline:
Mexico Metropolis, Mexico – 24 tasks / 2,927 rooms
Lima, Peru – 14 tasks / 2,194 rooms
Riviera Maya, Mexico – 14 tasks / 1,589 rooms
Georgetown, Guyana – 12 tasks / 1,662 rooms
Medellín, Colombia – 11 tasks / 1,439 rooms
Robust Resort Openings and Future Forecast
In This autumn 2024, 25 new motels with 4,470 rooms debuted throughout the area, bringing the full-year complete to 73 motels and 13,754 rooms. Trying forward, LE analysts challenge 106 new motels (17,615 rooms) to open in 2025, with even stronger exercise in 2026, the place 133 new motels (20,422 rooms) are anticipated to launch.
With a thriving improvement pipeline, Latin America’s lodge trade continues to indicate resilience and speedy enlargement, positioning the area as a hotspot for future hospitality investments.
