Region overview: Over 500 hotel projects planned around Latin America
The TOPHOTELPROJECTS construction database indicates that there are currently 534 hotel schemes in the works across Latin America, with Mexico leading the way.
An impressive 534 hotels with 134,131 rooms are in the pipeline across Latin America, our researchers report. We take a closer look at these projects – and pick out a few worth keeping a very close eye on.
Latin America’s hotel openings by year
In the remaining months of 2020, 74 hotels with 14,894 rooms will open their doors in Latin America – 43 of these are in the pre-opening phase as we speak. For 2021, a further 228 properties with 46,478 rooms are on the cards.
Meanwhile, 106 hotels with 29,508 keys are due for completion in 2022. Another 55 projects are in the works for 2023, bringing 13,211 rooms into play, and 71 hotels with 30,040 keys have already been signed off for 2024 and beyond.
Of these 534 projects, 280 will be in the four-star category, with the remainder in the five-star luxury segment.
Top national growth markets in Latin America
Mexico leads the list with 134 projects and 33,044 rooms coming up. Brazil is a distant second with 72 new hotels and 15,512 keys, while Argentina completes the top three with 44 upcoming launches and 4,394 rooms.
Over in Colombia, 38 hotels with 6,526 keys will open in the coming years. The Dominican Republic will see 31 projects with 22,068 rooms completed soon, whereas Chile will get 22 hotels with 4,317 rooms.
Both Cuba and Peru will see 22 properties open, incidentally, with a key count of 5,525 for the former and 3,548 for the latter. Costa Rica and Jamaica conclude the list with 11 and ten openings respectively.
Latin America’s fastest growing urban hotel markets
The popular beachside destination of Punta Cana in Dominican Republic heads up the list of Latin America’s fastest growing urban hotel markets, with 15 hotels and 16,741 rooms on the horizon here. São Paulo in Brazil comes in second with 14 new hotels and 2,453 keys, while fellow megacity Mexico City takes third place with 13 upcoming launches and 2,158 rooms.
Cancún and Tulum will see 12 properties open their doors, with 5,791 and 2,698 keys respectively. This difference in room counts points to the fact that properties in Cancun will on average be over twice the size of those in Tulum.
Lima (2,056 rooms) and Buenos Aires (1,512 keys) complete the list with 11 new properties apiece.
Fastest growing hotel brands in Latin America
Our records suggest Hampton by Hilton is the fastest growing hotel brand across Latin America, with no fewer than 14 projects and 1,721 rooms scheduled.
Wyndham Hotels & Resorts’ Howard Johnson International brand will also open 14 hotels, but ranks second due to its slightly lower room count of 1,367. And Hilton Garden Inn takes third place with 13 openings and 1,739 keys.
A Marriott International double act completes the top five, with its signature Marriott Hotels & Resorts and Autograph Collection brands each adding nine properties to their Latin American portfolios.
Hotel launches in Latin America to keep an eye on
Under the concept ‘everything in one place only’, the new Capitalinas Bariloche development in Argentina’s Lake District will incorporate a space for the construction of an exclusive five-star hotel comprising 49 rooms and a variety of amenities. These will include a restaurant with international cuisine and the best views of the lake, a library with inviting reading nooks, and an outstanding spa. The property will open in Q3 2021.
Also in Argentina, Hampton by Hilton Buenos Aires Parque Leloir will be in an unbeatable location near the El Palomar Airport and the Ministro Pistarini Airport. This 75-key hotel will be inside the Thays Parque Leloir complex, which will feature two pools, a convention centre, a spa, green areas, bars and restaurants, residences, a hotel and a commercial area. Its opening date has been set for late 2021.
Lastly, Blackadore Caye in Belize will feature 68 villas, 48 estate homes and a private clubhouse. The property’s luxurious amenities will be centred around The Blackadore Village, which will consist of three world-class restaurants, a spa and wellness centre, and the Deepak Chopra Centre for Renewal and Anti-Aging. The island’s infrastructure has been designed under a unique conservation framework, developed by top biologists and ecologists who have studied ways to support and preserve the island’s habitat and biodiversity during construction. The resort is slated to open in late 2023.
Many TOPHOTELNEWS articles draw on exclusive information from the TOPHOTELPROJECTS construction database. This subscription-based product includes details of thousands of hotel projects around the world, along with the key decision-makers behind them. Please note, our data may differ from records held by other organisations. Generally, the database focuses on four- and five-star schemes of significant scale; tracks projects in either the vision, pre-planning, planning, under-construction, pre-opening or newly opened phase; and covers newbuilds, extensions, refurbishments and conversions.