The outlook for Mexico's hotel industry is positive as the country enjoys a promising economic and political environment
The company is in talks to add hotels in Rio de Janeiro and Brasilia. A second site in Sao Paulo could come later.
Strategic Hotels & Resorts has entered into an agreement to sell the Four Seasons Punta Mita Resort to Cascade Investment, the private investment arm for Bill Gates, for $200 million.
Global airline passenger travel is expected to grow by five percent annually until 2017, with the Middle East and Asia-Pacific leading international passenger growth, according an industry forecast from the International Air Transport Association.
Home2 Suites by Hilton announced today the opening of its first location outside of the United States, marking its entry into Latin America. The new location, Home2 Suites by Hilton Queretaro, Mexico, will be the brand's 24th hotel.
The number of people visiting the Caribbean from January to July 2013 reached 15.6 million, barely shifting from last year.
The increasing cost of healthcare in first-world countries has made medical tourism a thriving industry. Instead of traveling for sea views or mountain hiking, tourists are traveling for medical treatment.
Property mogul Donald Trump has quietly purchased a luxury villa on the Caribbean island of St. Martin, a property which he describes as "one of the greatest mansions in the world." No sale price was announced, but the estate was listed for $19.7 million.
The Ritz-Carlton Hotel Company plans to expand its Reserve hotel collection with a resort on Pearl Island, located 45 miles south of Panama City. The Ritz-Carlton is part of the second phase of a luxury real estate and leisure island development on the 3,500-acre Pearl Island.
The Latin American hotel industry will increase its room supply by 65 percent over the next 10 years.
Rising demand for marina berths in the Caribbean is fuelling new residential projects, prompting cautious optimism of a return to form for developments in the region. Eight new marinas with a total of more than 500 berths are under development.
A Belize developer has revived plans to build a $100 million tourism and cruise ship facility on islands southeast of Belize City. Michael Feinstein, the president of the Feinstein Group of Companies, detailed plans to build a deep water port on Stake Bank Caye.
Trump Ocean Club Panama is about to become the first Panama City project to offer a beach club on a private island. Both residents and guests of Trump Ocean Club will be able to take day trips to the beach club on Viveros Island.
The Caribbean hotel market is increasingly attracting interest from developers and vacationers.
Two years after the Trump Ocean Club hotel opened in Panama City, work has restarted on plans to build the largest casino in the region. The Trump casino could be open as early as February, but is more likely to debut later in 2014.
Nicaragua President Daniel Ortega claims the Costa Rican province of Guanacaste belongs to Nicaragua,
The largest marina in the Caribbean is scheduled for a $450 million renovation, after new owners bought the facility out of bankruptcy. Putnam Bridge Funding LLC plans to improve the infrastructure and facilities at Puerto del Rey Marina in northeast Puerto Rico.
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