by Arturo Garcia Rosa - President & CEO, SAHIC Group

2024 ended with a positive outlook for the tourism, hospitality and real estate development markets. Lodging Economotrics’ Latin America Construction Pipeline Trends report for the fourth quarter recorded robust growth of 15% per project.

In total, 685 projects representing 110,033 rooms.

Of this total, 270 are under construction, 179 are expected to start construction in the next 12 months, and 236 are in initial planning.

Luxury reached new records, with 129 projects – 26,077 rooms; Upper upscale projects totaled 115 projects (22,509 rooms) and upscale projects reached 136 projects (19,220 rooms). Together, these three categories account for 56% of total projects and 54% of total rooms.

Mexico leads the pipeline with 248 projects (38,104 rooms). This represents an increase of 10% (projects) and 7% (rooms) compared to the same period last year. Brazil comes next with 106 projects and 14,799 rooms – an increase of 23% (projects) and 9% (rooms). Then comes the Dominican Republic and Peru.

Also according to the report, in the fourth quarter, 25 new hotels (4,470 rooms) were opened in Latin America, bringing the total for the year to 73 new ventures (13,754 rooms). For 2025, it is expected that 106 new hotels will be opened this year and another 133 in 2026.

In other words, we have two years of high development in the region's hospitality industry ahead of us. That is why being at SAHIC 2025, in Rio de Janeiro (Brazil), next March, is the best decision. We will discuss the current scenario and ways to take advantage of the sector's opportunities.

See you soon in Brazil.