According to the TOPHOTELCONSTRUCTION database, 133 projects are currently in the country’s pipeline. (Photo: Caboyo Photography)
Mexico’s project pipeline and tourism sector are looking robust for the next 12 months.
Figures from the TOPHOTELCONSTRUCTION database show Mexico’s hospitality market in good health at the beginning of the new decade.
We take a look inside the Mexican pipeline and find out which areas are performing best for investors and developers.
Mexico crowned king of Latin American hospitality
According to statistics and figures pulled from the TOPHOTELCONSTRUCTION database, Mexico is the highest performing country in Latin America:
It’s popularity as a tourist destination seems to only be increasing, making it a safe bet for investors, developers and operators alike.
There are currently 131 projects in Mexico’s development pipeline, representing 20% of the total projects in the region, which is quite an achievement considering the size of the Latin American market.
The appetite for tourism in Mexico is far from diminishing, so we can probably expect to see a healthy development pipeline for the foreseeable future.
From coast to coast
One of the reasons Mexico is so popular is because it has several different coastlines – the coasts of the Pacific Ocean, the Gulf of Mexico and the Caribbean Sea.
Each side of Mexico offers guest something unique and special, but judging by the figures, the north western and south eastern coasts remain the most popular with tourists.
High-end destinations and hotels in Baja California in Mexico’s north west attract visitors to the celebrity haunts of Los Cabos, while the Mayan Peninsula draws a crowd to Cancun and Playa del Carmen with its golf courses, ruins and pristine white beaches and crystal blue waters.
50 projects in Cancun are currently in development, reflecting its position as the most visited city in Latin America last year. It was also the site of the inaugural Waldorf Astoria property in Mexico, certainly a claim to fame.
Los Cabos, on the other hand, is expecting 31 projects to come to fruition over the next couple of years, and these range from deluxe high-end resorts to more rustic, eco-friendly offerings.
Mexico City as popular as ever
Mexico City has grown in popularity as a tourist destination over the past years and it looks set to continue in the same vein.
Some notable international luxury brands have set up shop in the Mexican capital of late, including The Ritz-Carlton Hotels and Kimpton.
The eagerly awaited Ritz-Carlton Mexico City will open in the city’s financial district later this year, while the Kimpton Polanco Mexico City I will appeal to business travellers with its conference and meeting facilities.
Let’s take a look at some more outstanding hotel projects in Mexico:
