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Violence in Mexico leaves investment unaffected

Tuesday, October 1, 2013

Mexico’s oceanside resorts and Mayan ruins are luring more visitors from abroad even as drug violence plagues parts of the country, spurring a wave of new investment in the hotel industry.

Hyatt Hotels is opening two resorts in Mexico later this year, and Starwood Hotels & Resorts Worldwide is planning to increase its luxury portfolio there by 50 percent.

Hoteliers and investors are counting on a continued surge in tourism across Mexico, where gains in hotel room rates outpaced increases in the rest of Latin America even as the economy slowed this year.

Source: Bloomberg