Hotel Occupation Declines in El Salvador
The hotel sector has begun 2009 with a fall from between 5 to 7%.
Monday, February 23, 2009
In its website, Elsalvador publishes: "Furthermore, at the juncture of economic deceleration, have been burdened with the focalization effect of the energy subsidy, which will have a strong impact in the costs of hotel operation,´ indicated Quiñónez. ´It is estimated that it will be at least 60 percent.´"
The hotel chain will invest $3 million to open its first hotel in El Salvador, in alliance with Grupo Agrisal.
This is the first of seven hotels that Agrisal Group, in partnership with InterContinental Hotels Group, expects to build in Central America.
The hotels division of the El Salvador-based conglomerate Grupo Agrisal spends to invest US$70 million in Central America over the next seven years, the division's chief executive Eduardo Quiñónez said.
Hotels in Panama City continue to show a high occupation rate.
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