Mounting Hotel Industry Attract Foreign Investments in Mexico: Ken Research
·
Increased
liquidity, growing foreign investors and emerging domestic investment has
projected to deliver an exponential growth of hotel acquisition by volume.
·
Covering
over 60% of the GDP, Mexico’s emerging middle class has restored growth in
service industry that has led to phenomenal growth in lodging demand.
·
User
friendly smart phones and advances in technology are altering relationship
between hotels and guests which has transformed the hospitality industry enhancing
hotel’s financial performance.
Ken Research announced its latest publication on, "The Future of Hotels in Mexico to 2020" which provides detailed analysis of
hotel market in Mexico. This report provides an in-depth analysis of the major
market players of Mexico Hotel industry along with the customer’s preferences.
Category-wise coverage of different segments in the industry is also included
in the report. The report enables the reader to interpret future outlook on how
the market will shape up by the end of this decade. The report also includes an
overview of the Mexico Hotel industry covering key trends along with the SWOT
analysis of the hotel industry in Mexico.
By 2017, Mexico’s number of
hotel rooms are expected to expand by 6% (approximately 20,000), out of which
50% will be attributed to the cities which have registered the maximum
expansion in hotel occupancy. Cancun, Mexico City and Los Cabos have become the
favorite City for hotel investment. As per statistics, Mexico’s tourism has
occupied the 4th largest source of foreign exchange in the country.
In addition to it, Mexico is also the most attractive place for investments and
business activities. There are various fiscal adjustments made by the
government like the energy reform package which was approved to allow foreign
investment in hotel industry. Mexico City is enjoying the maximum visitations
due to REIT- like structures as these investment vehicles have provided
liquidity to markets that have witnessed very few transactions. Mexico City is
among the largest five cities and the most populous area. On the other hand,
Cancun records the highest number of hotel rooms among which 60% are branded
rooms are affiliated to the US brands.
From the macroeconomic perspective, Mexico’s
real GDP is expected to project an average of 4% annual growth during 2015-2020
which is more than of that of the US. Mexico is the seventh most important market in the world in terms of
both size and revenue covering all the luxury brands like specialty-select and
upper-upscale segments. To expand hotel portfolio
across primary and secondary markets, FIBRAs have formed partnership with
global hotel companies. Industrial and
manufacturing activities are the major contributors of growth of primary and
secondary markets paving the way for a promising economic outlook of Mexico’s
hotel industry. There are approximately 70 hotel companies working in Mexico
and Mexican government plays a dominant role in assisting and lending money for
the development of hotel industry. Technology is the key driver enhancing
operational efficiencies and strengthening relation with the customers.
Key Topics
Covered in the Report
·
Detailed
analysis of Mexico Hotel industry
·
Value and
volume analysis for Mexico Hotel industry
·
Historic
and Forecast value analysis by category
·
Key issues
in the market
·
Consumer trend
framework
·
Analysis of
mega-trends
To know more on coverage, click on the
following link
Similar reports:
THE FUTURE OF
TRAVEL INTERMEDIARIES IN MEXICO TO 2020
THE FUTURE OF
TRAVEL INTERMEDIARIES IN CHINA TO 2019: MARKET PROFILE
Contact:
Ken Research
Ankur Gupta, Head
Marketing & Communications
+91-124-4230204
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