There are currently at least 53 new hotel projects under construction in Mexico. This will add nearly 9,000 rooms, including almost 3,500 in the Central Mexico region, to the nation’s already vast supply of lodging options for business travelers, according to hotel benchmarking companies STR and STR Global.
The expansion also highlight the ongoing development sweeping the country that is a leader in Latin America. The 8,885 rooms coming online in Mexico are more than the combined total for Colombia, Argentina, Chile, and Peru, which only have 6,518 rooms in the construction phase (which STR defines as when ground has been broken or the owner is finalizing bids on the contract).
Hilton is one company pushing growth throughout the region. The company is expected to exceed 100-property mark in Latin America this year. It has already added nearly 20 new location in 2015 and has another 60 more planned that will eventually bring another 8,000 rooms to the region.
So the current influx of rooms may to Mexico may only be the beginning, according to Tom Potter, senior vice president of operations in Latin America and the Caribbean for Hilton. “There is tremendous potential for portfolio growth in this region,” Potter told Travel Weekly. “We’re committed to expanding our footprint in the region and meeting the needs of our guests by delivering the class of service they have come to expect from Hilton. The Latin America and Caribbean region is a key contributor to our success, and we’re steadfast in our efforts to ensure that this growth continues.”
The current expansion boom is only adding to the network of top-tier hotels in Mexico. The country is already home to 25 of the 65 best Latin America and Caribbean locations, according to Conde Nast Traveler.
Marriott, which just merged with Starwood Hotels and Resorts Worldwide in a $12 billion deal, has also said it will add 60 properties to its already large portfolio in the region over the next three years. And U.S. billionaire George Soros recently invested some $300 million of his renowned Soros Fund Management’s resources into an Argentine hotel company that is pushing to add locations throughout the region.
The current expansion boom is only adding to the network of top-tier hotels in Mexico. The country is already home to 25 of the 65 best Latin America and Caribbean, according to Conde Nast Traveler’s 2014 “Gold List for the Best Hotels in the Americas.” According to the prestigious magazine ranking, several Mexico City luxury hotels — Las Alcobas and Las Mananitas — share honors with resorts in places like Playa Del Carmen and Cabo San Lucas.
Everyone knows that Mexico is one of the globe’s premier tourism destinations and it has increasingly shown the business community that this is a nation every major player must have a footprint in. And now, with more and more world-class hotels, it will only making business trips — to any corner of the Mexico — that much better.