Latin America Archives - Insights
Global News

Marriott International’s strong conversion activity helps drive robust growth in the Caribbean and Latin America

Hotel conversions continue to have real momentum in the Caribbean and Latin America (CALA) region and in recent years have become an important growth driver for Marriott International. Hoteliers and investors are leveraging the efficiencies and advantages of renovating and rebranding existing properties, further expanding the breadth of Marriott’s portfolio, consisting of 31 global brands.

Marriott International
Global News

The Backend of the Latin America Hotel Construction Pipeline grows and renovations and brand conversions tick upward

According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for Q1 2023, the hotel construction pipeline in Latin America, quarter-over-quarter, has increased 2% by projects and 3% by rooms. The Latin America hotel construction pipeline, at the close of Q1 2023, stands at 546 projects/90,139 rooms, however, down slightly 3% by projects and 2% by rooms year-over-year (YOY).

Latin America Hotel
Join over 60,000 industry leaders.

Never miss a trend.

Most popular: