Hotels Reportedly Adding Over 300 New Properties in Mexico

Travelers make their way through Newark Liberty International Airport in Newark, New Jersey
“Forget flamenco and Mediterranean beaches,” says travel writer Marck Gutt. “Spain is way more than its southern coast cliché.” This year, head north to the region of Asturias, on the Bay of Biscay. As far as nature goes, Gutt loves Asturias for its “evergreen cliffs, hidden, unspoiled bays, and monumental summits”. You’ll start each meal with Cabrales cheese, chase it with artisan cider, and might even bask in a gaita bagpipe serenade.

Mexico hoteliers are making a major bet on the country’s tourism boom.

According to a report in El Financiero, 352 new hotel properties will open by 2022. The CBRE Hospitality Mexico study shows major growth in the hospitality industry.

City Express Hotels leads the way with the most growth. The company plans to add around 80 new accommodation units to its portfolio.

“City Express Hotels, whose focus is business travelers in the economic segment, is the one that shows the greatest growth in the number of hotels in the short term,” said CBRE’s analysis.

By the end of 2019, the hotel chain will open its 152nd property, adding up to 17,000 guestrooms to its portfolio.

Cancun, Mexico beach aerial: PHOTO: Cancun, Mexico beach aerial. (Photo via Iren_Key / iStock / Getty Images Plus)

AMResorts follows City Express, adding an expected 66 hotels. Grupo Posadas has plans for 48 new properties.

While these are forecasted numbers, hospitality leaders are on the lookout for changes in tourism projections, policy and the promotion of the country around the world. Changes to plans for the airport in Mexico City as well as the elimination of the Mexico Tourism Promotion Council could have an effect on the construction of these planned properties.

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