IPFS News Link • World News
Development percolating in South America
• http://www.hotelnewsnow.com, David Grossniklaus am preparing to travel across Latin America this summer, a journey that will take me from Argentina, exploring the buzzing city of Buenos Aires to the winter slopes of Mendoza to across the Andes Chain to Chile’s Santiago de Chile. I cannot ignore that both Argentina and Chile, whilst having incomparable beauties, both provide yet another breathtaking experience to explore the progress of hotel developments in this part of the world.
Unlike many of the countries that have seen impressive growth in recent years by means of hotel development (in particular in the BRIC states: Brazil, Russia, India and China) this part of Latin America still remains rather fragmented and is mainly composed of independent hotel operators. One of the key components deterring some of the major hotel players from putting a greater focus in this area is the region’s lack of economic and political stability compared to the BRIC states.
