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.´"

More on this topic

Crowne Plaza to Open in El Salvador

June 2010

The hotel chain will invest $3 million to open its first hotel in El Salvador, in alliance with Grupo Agrisal.

It will feature 194 rooms, and will become the fifth Crowne Plaza in Central America.

Eduardo Quiñónez, director of the hospitality division of Agrisal, told newspaper La Prensa Gráfica: “two years ago we made a stop in the way, and appreciated a wide array of opportunities.

Costa Rica: Holiday Inn Escazú to Begin Construction in October

May 2009

This is the first of seven hotels that Agrisal Group, in partnership with InterContinental Hotels Group, expects to build in Central America.

The 10,000 square meter hotel will have 163 rooms, and it is expected to start operations in 2010.

German Rivas, in his article in Laprensagrafica.com, reported statements by Eduardo Quiñónez, director of AGRISAL Group's hotel division: “It's the starting flag in our race for regional hotel leadership. We are already among the 10 largest and most important hotel groups in Central America, and the goal is to become the second largest group and to regionalize successfully."

Agrisal to invest US$70 million in Central American hotels

May 2008

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.

Projects highlighted by Quiñónez include the construction of a hotel in San Salvador's Zona Rosa and a refurbishment and expansion to mark the 50th anniversary of the Hotel Radisson.

Panama's hotel occupation averages 66.5%

July 2008

Hotels in Panama City continue to show a high occupation rate.

During the first four months of the year the hotel occupation rate was 66.5 percent, and rises to 78.7 percent for hotels with more than 100 room or special services, according to the statistics department of the Panamanian Tourist Institute.

 close (x)

Receive more news about Hotels

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Partner needed for financing/construction in Punta Leona, CR

I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction.
Wanted partner for financing and/ or construction in the...

Stock Indexes

(Jan 18)
Dow Jones
-0.11%
S&P 500
0.18%
Nasdaq
0.31%

Commodities

(Jan 19)
Brent Crude Oil
54.95
Coffee "C"
151.3
Gold
1,204
Silver
16.900