Hotels: Growing Supply and Occupancy in Guatemala

Between the first half of 2018 and the same period in 2019, the number of hotel rooms in the country grew 4%, and occupancy rose from 62.9% to 63.4%.

Monday, November 4, 2019

Official figures specify that between January and June last year and the first half of 2019, in the hotel sector the number of establishments went from 3,315 to 3,524, and in the case of the number of rooms went from 55,735 to 58,024.

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Sergio Villatoro, director of the Bachelor of Hotel and Restaurant Management at Rafael Landívar University, told that the hotel sector "... has not only grown, but has become very dynamic, because consumers are looking for more innovative experiences. This is because of the technological influence, since now from a mobile you are planning vacations or business trips."

Villatoro added that "... Hotel activity is concentrated by business tourism or in major cities such as Guatemala, Antigua Guatemala and Quetzaltenango. Attractions can be developed that encourage investments in other places, which may well be small, but contribute to community development."

According to the latest report of the Bank of Guatemala, in the second quarter of 2019 there was an increase in the flow of tourists, both domestic and foreign, which was influenced by the activities of Easter.

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More on this topic

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.

Hotel Occupancy Remains Down in 2019

February 2020

Last year, hotels in Panama City reported an average daily occupancy of 4,571 rooms, 1% less than in 2018.

Reports from the General Comptroller of the Republic indicate that in December the daily average of occupied rooms did not register significant changes with respect to the same month last year, going from 4,307 to 4,281.

Increase in Hotel Supply

September 2019

In the last decade, the number of hotel rooms in Costa Rica has increased at a 4% average annual rate, and in 2018 Guanacaste was the area that concentrated a quarter of the hotel offer, monopolizing about 26% of the total.

Figures from the Costa Rican Tourism Institute (ICT) detail that between 2008 and 2018 the number of rooms dedicated to lodging increased by 15,474, from 41,759 to 57,233.

Hotel Occupancy Begins 2019 with Slight Increase

June 2019

From January to March of this year, hotels in Panama City reported a daily average occupancy of 5,014 rooms, 2% more than that recorded in the same period in 2018.

The latest report of the General Comptroller of the Republic, details that only in March the daily average of occupied rooms registered an 8% increase over the same month last year, growing from 4,644 to 5,017.

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