Katie Sershon
Big changes are on the horizon for the Latin America lodging industry as more than 425,000 new rooms are expected to be required throughout the region over the next 10 years. According to an industry-sponsored white paper prepared by Jones Lang LaSalle, "Economic Transformation Drives Latin America's Lodging Industry," a surge of hotel opportunity is predicted for the coming decade in Brazil, Mexico, Colombia and Peru. The research found that the four countries face a crucial inflection point, and are poised to undergo rapid, largely domestically driven economic growth reminiscent of the United States and other mature economies in decades past.
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