Occupancy declines dampen investor enthusiasm toward South America

09/25/2013 | HotelNewsNow.com

Hotel executives at the South American Hotel & Tourism Investment Conference in Bogota, Colombia, discussed challenges that have hindered hotel growth in several South American markets. Foremost is a slowdown in the growth of inbound travel to the region, from 7% to 4% in 2012-2013, which have led to decreased occupancy rates in several countries. On the other hand, markets including Brazil, Colombia, Peru and Uruguay have shown continued growth.

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