Salvadoran Hotels Reduce Prices

The major hotel chains have cut their prices by up to 50% on weekends.

Tuesday, July 27, 2010

The Minister for Tourism has received a combined proposal from the hotel chains Crowne Plaza, Real Intercontinental, Sheraton Presidente, Holiday Inn, Hilton Princess and Courtyard Marriott together with the Salvadoran Chamber of Tourism (Casatur).

The deal, available until 31 December, aims to stimulate national and regional tourism.

"The new prices come into being from next weekend and equate to $69 per night for a double or single room," the president of Casatur told Elsalvador.com. It follows a similar agreement reached a month ago between TACA and Casatur.

More on this topic

Costa Rica: Fall in Occupancy Rates in Hotels in Capital

March 2014

The current occupancy rate of 57% can be explained by the increased supply of rooms and the relative decline of San Jose as a business destination.

The increased supply of hotel rooms in the capital is one of the reasons for the low level of occupancy, which as of January stood at 57%. This occurs mainly in hotels that attract business travelers or tourists who spend up to two nights prior to departure.

Alleged Anticompetitive Practices in Hotel Industry

November 2012

In El Salvador the Crowne Plaza, Real Intercontinental, Sheraton and Hilton President Princess are under investigation for allegedly fixing prices.

A statement by the Superintendence of Competition (SC) reads:

The Superintendence of Competition (SC) has initiated an investigation against four hotels for the allegedly engaging in anticompetitive practices by having agreement between competitors to fix prices of food services for events. This practice could affect and alter the conditions of competition for food and hotel services accordingly to purchasers of these goods.

Hotels Keep Opening in Costa Rica

June 2012

Eleven new hotels will open this year and the next, adding 1,550 rooms to the current 44,752.

Of the eleven openings, eight are located in the greater metropolitan area and the rest are in the province of Guanacaste.

With an investment of $15 million, the opening of the 128 room Courtyard by Marriott is planned for next month in Alajuela.

Inauguration of Holiday Inn in Costa Rica

July 2011

The project, by the Salvadoran Agrisal group, required an investment of $20 million and will be inaugurated this week in Escazú.

The new "green” Holiday Inn hotel, which will use environmentally friendly technologies, is sited 30 minutes from San Jose in one of the busiest areas of economic and urban development

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