Crisis Hits Big Hotels

Corporacion Camino Real, Radisson, Hyatt, Marriot, Adriatika, Hilton Garden and Holiday Inn are some of the large hotels that have suspended operations in Guatemala due to the health and economic crisis affecting the world.

Tuesday, May 5, 2020

As a result of the covid-19 outbreak, the Real Intercontinental Hotel suspended operations from April 1 and according to its managers, the reopening will depend on government regulations. The hotel chain, which operates under the Porta Hotel brand, has closed down five of its six establishments.

See "Tourism, business and the new commercial reality"

Alejandro Muñoz, Porta Hotel's marketing manager, explained to that "... the closures were gradual and the only one still in operation, in Antigua, is due to guests being stranded in Guatemala. Whether the hotels will reopen depends on the measures taken by the authorities."

Also see "Reinventing Yourself in the Face of Business Change"

Regarding the suspension of the operations of the Royal Corporation, Luis Arturo Rey Castellanos, president of the Association of Small Hotels of Guatemala (Apehgua), said that "... it was a surprise the announcement. We have all been hit hard by the health emergency, but the fact that a chain of large hotels published a temporary closure came to raise awareness of the situation we are experiencing."

According to CentralAmericaData's forecasts, the sharp drop expected in the income of the tourism industry in Central America will be partially explained by the decline in hotel activity and tourist resorts.

Learn more about the specific forecasts per country for the hotel and tourism sector for the coming months.
Request access to the interactive report "Information System: Covid-19 and Business Outlook."

More on this topic

Hotel Sector: Pessimism in El Salvador

December 2020

Although most activities in the country reopened at the end of August, hotel occupancy levels are still low and business people fear they will be forced to cut more jobs or close operations.

When the reopening phases that were intended to be applied in El Salvador were declared unconstitutional and the restrictions on economic activities imposed by the covid-19 outbreak were removed, local businessmen received the news with optimism. However, three months after the economy reopened, the hotel sector continues to face a complex scenario.

Event Planning: Excessive Restrictions

October 2020

Although the government did not extend the State of Calamity and since October 1, Guatemala has been allowing the holding of events, fairs and concerts, the sector's businessmen believe that it is not profitable to hold meetings in which an area of 10 m2 per attendee is required.

The modifications to the Alert System were published in the September 29th edition of the Diario de Centroamerica. The text of Ministerial Agreement 229-2020 of the Ministry of Health explains that most activities are allowed, regardless of whether the municipality is on red alert.

Hotel Occupancy: Incipient Reactivation

August 2020

Following the removal of some of the restrictions imposed in Guatemala by the covid-19 outbreak, the hotel sector reports a rise in occupancy, reaching a level of 25% on August 15 and 16.

The Guatemalan tourism sector continued to be closed for four months, but as of July 27 and with the implementation of the Health Alert System, several restrictions began to be relaxed.

Hotels: Rates in Costa Rica Fall 25%

May 2020

Because of the restriction measures decreed in the country due to the covid-19 outbreak, between March and April of this year the average hotel rate for two people decreased from $160 to $120.

According to the "Monetary Policy Report" prepared by the Central Bank of Costa Rica (BCCR), in the face of the health crisis, hotel occupancy in the country has plummeted in the first four months of the year, from 90% in January to 15% in April.

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