The Whitebridge Hotel Monitor Report is a collaborative publication by Whitebridge Hospitality, RLB, and HOTSTATS that offers strategic insights into the LAC market.
The Latin America and Caribbean (LAC) region is projected to experience slower economic growth, with rates of 2.1% in 2025 and 2.4% in 2026. Key challenges include low investment, high debt costs, local issues, and an uncertain external environment. Despite this, the tourism sector has thrived, surpassing pre-pandemic levels in 2019, with a notable 7% growth compared to 2023. Among destinations, Rio de Janeiro showed increased performance, reporting a 23.3% rise in occupancy and a 51.1% increase in gross operating profit per available room (GOPPAR), while Miraflores also performed well.
In contrast, some locations faced declines in GOPPAR, with Cartagena and the Cayman Islands seeing drops of 10.6% and 6%, respectively. The Caribbean continues to experience construction cost inflation driven by ongoing luxury resort projects and the need for resilient infrastructure. Limited transaction activity has been observed, along with a shortage of transparent deal data. However, new developments and refurbishments are happening as properties adapt to market demands and reposition themselves.
FURTHER INFORMATION:
Charles O’Loughlin
