Cartagena is the new hotspot on every hotelier’s list for expansion, but oversupply in the city center is already leading to reduced room and occupancy rates.
Cartagena—a coastal destination on the northwestern-most tip of South America—is Colombia’s fifth largest city but its fastest growing. The “walled city”—the inner-most part of downtown that is surrounded by a stone wall—has become a popular destination for both business and leisure travel.
Like any city around the world, a growing economy and an influx of international travelers—both leisure and business—will pique the interest of hotel developers. Cartagena is no exception.
InterContinental Hotels & Resorts, Sheraton Hotels & Resorts, Radisson Hotels, Iberostar Hotels & Resorts, Marriott Hotels & Resorts, Hyatt Hotels & Resorts and Melia Hotels all have properties either in final planning stages or under construction in Cartagena, according to Proexport.
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Photo credit: An outdoor scene in historic Cartagena, Colombia. Pratiproy / Flickr.com