by Arturo Garcia Rosa - President & CEO, SAHIC Group

A new report from Lodging Econometrics reveals that Latin America’s hospitality sector is once again thriving, with 642 projects and over 104,000 rooms in development as of the third quarter of 2024.

The data shows a strong year-over-year growth of 11% in the number of projects and 10% in room count.

The report also highlights that 183 projects (accounting for 30,184 rooms) are set to start construction next year, while those in the planning phase have increased by 17% from last year, reaching a total of 190 projects. 

Segment-wise, the upscale category leads with 134 projects, followed by luxury with 121, and upper upscale with 104.

Mexico tops the list with 229 projects, followed by Brazil with 103. The Dominican Republic reached a historic high with 59 projects, and Colombia follows with 27. Looking ahead, the report forecasts the opening of 108 hotels in 2025 and 138 in 2026.

In short, the region is brimming with opportunities—a promising outlook for discussion at SAHIC 2025, set for March 24-25 in Rio de Janeiro, Brazil.