Articles tagged “mexico”

The large supply of independent hotels in Mexico is a massive opportunity for companies like Marriott and Hilton to quickly beef up their portfolios without the drawn-out process of new construction. Investors, however, will likely favor markets that performed worse during the pandemic.

New research shows that travelers that book trips via online travel agencies will play a significant role in hospitality’s recovery. Hoteliers that keep the evolving wants and needs of OTA travelers in mind will have an advantage as properties reimagine how they do business.

Latin America's Rappi now offers business travel alongside things like takeaways, pet food and furniture. It doesn’t sound like a winning combination, but different parts of the world have different appetites for digitization.

Venture capitalists rarely bet on Mexico's travel startups. But Casai's 80 percent average occupancy rates in August and September must've helped it woo top-tier investor Andreessen Horowitz.

August is normally a bumper month for destinations in the northern hemisphere. The fact that the Skift Recovery Index remained flat indicates that seasonality is still in play even today, and that travel volumes have indeed increased over the past month, but we can’t yet speak of a full recovery.

Despegar, Latin America's largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe.

The figure $20 million might not sound like a huge amount, but in the world of flat-pack hotels, it can probably get you quite far.

At a stroke, Despegar will boost its annual revenue by about 25 percent. Acquiring Best Day Travel Group, one of the largest travel agencies in Mexico, will also solidify its set of products, including in the promising business-to-business segment.

Today’s luxury travelers want the world at their fingertips. But not all destinations have managed to adapt their offerings to suit the demands of this new mindset. Now, thanks to its unique luxury-friendly amenities and a new brand positioning, the Los Cabos region of Mexico is emerging as a new luxury hotspot.