Marriott Meeting "Solid Increase" of Mexico Travel With Four New Hotels

U.S. hotelier Marriott International has announced that it will build four new hotels in Mexico, saying it is seeing “solid increase” in the demand for business and leisure travel in the North American country.
Two of these hotels will spring up in Puebla, one in Cancun, and one in Monterrey. According to the company’s statement, all of these new hotels will be up and running by the end of 2018.
Bethesda, Maryland-based Marriott is already a giant in Mexico’s lucrative hospitality sector, because it is operating more than 70 properties in the country. Moreover, the company says it is planning to add another 38 properties to its Mexican portfolio by 2022.
Analysts say there is little doubt that Marriott’s expansion indicates the growing demand for business and leisure travel in Latin America and the Caribbean, where the hospitality group runs more than 200 hotels.
As many as 17 hotels have been signed into Marriott’s Caribbean and Latin America development pipeline so far in 2016.
“We are very excited to continue growing our reach in Latin America with brands as diverse as Renaissance, AC Hotels by Marriott, Westin, and Aloft,” said Arne Sorenson, President and CEO of Marriott.
For the first time, Marriott is going to introduce its Renaissance Hotels brand to Mexico with the development of a Renaissance hotel in Cancun. To be spread over an 800-acre plot, Renaissance will include an ecological reserve, an 18-hole golf course, a 200-slip marina, some 5,000 residential units, and 115 retail outlets, as well as restaurants and cinemas.
More than 30 million foreign tourists visit Mexico every year, helping the country earn $19 billion in tourism revenue. A majority of its foreign visitors are Americans. With the peso continuing to decline, Mexico expects a further rise in tourist arrivals later this year.