Tag: Hotel PipelineView All Tags
If there was any doubt about whether the Caribbean hotel scene was headed in the right direction as far as growth goes, the industry's performance and gains over the past two years have put most questions to rest. Both hotel-goers and investors are feeling optimistic that the recession is indeed a thing of the past, evidenced by a string of new investment and property takeovers in 2013, including Hyatt's entrance into the all-inclusive market.
And it looks like the momentum will continue in the new year. There have been multiple reports about a packed pipeline for the Caribbean in 2014, headlined by the expected opening of the massive Baha Mar at the end of 2014 in the Bahamas. According to one count, 52 hotels with 8,891 rooms are going to open across the Caribbean and Mexico in 2014. That's a lot of hotels!