19 Hotel Trends for 2020

trendsHere’s a trend projection to what is happening and probably will continue to happen in the upcoming years in  sub-sector of tourist accommodation.

1. HOTEL INDUSTRY. While oversupply condemns the Hospitality industry to maintain abnormally low prices in Spain, the development of the hotel sector is at growth level never seen before in Latin America. However, note that some Latin American countries are reaching their growth ceiling, more in the corporative sector that on the business one and more centered around large cities than in untapped tourist destinations. Consistent with our predictions for 2013, Lima and Bogota have been seeing growth in the corporate mid-class segment and the so called “boutique hotel industry.”

Chile is putting a stop (softly) to its economy, while domestic tourism grows with new personal and design hotels. Brazil continues, albeit more politely, its growth to give hospitality to the World Cup and Olympic hype for 2014 and 2016. Among Asian countries we announced last year that Sri Lanka would become a new tiger for tourism. Well, this year the government has announced public and private investments to triple hotel capacity from 2014 to 2016. China continues its growth with the aim to achieve in the next 10 years, 6.3 million beds and a volume of investment close to 100,000 million dollars. As much as they built in the past decade, China’s per capita ratio of hotel rooms (four per 1,000 people) is lower than in the U.S. (20 per 1,000 people). Continue reading