In Guatemala, the Pacific beaches located in the stretch that goes from the Iztapa bridge to the Los Esclavos river bar, attract millionaire investments in hotels and vacation home complexes.
Oceana Resort & Conventions, which began receiving visitors in November 2019 and other more recent developments such as La Mar, Villas Cariló, El Muelle, Blanc Monterrico, among others, are some of the investments located on these beaches.
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.
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.
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.
CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro.
The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI.
For the end of 2019, is scheduled the inauguration of Oceana Resort, a hotel complex that will offer 200 rooms and is located on the beach of Iztapa, department of Escuintla.
Oceana Resort + Conventions will be a hotel that will have a total of 22 thousand square meters of construction and will operate under the format of "all-inclusive". The building is located at kilometer 6 of the road from Iztapa to Monterrico.
After Selina opened its first establishment in Antigua, Guatemala, the international chain announced that next year plans to open five new hotels in different parts of the country.
The chain's representatives informed that for the opening of the new hotels, which will be in the departments of Solola, Escuintla, Guatemala, Alta Verapaz and Peten, an investment of approximately $6 million will be made.
Reducing prices to attract local tourists is the main strategy being used by Nicaraguan tourism entrepreneurs in areas such as Tola, San Juan del Sur and Ometepe Island.
In Nicaragua, the sharp drop in the flow of tourists as a result of the crisis that has been affecting the country since April has forced entrepreneurs, particularly small and medium-sized ones, to vary their strategies in order to try to generate income and sustain operations.
In the department of La Libertad, a 4,000 square meter beach hotel is being built, which will include a restaurant for 300 people, a wedding chapel and an event center.
Hotel Acantilados, which is reportedly 85% complete, will be ready to open its doors in September of this year, according to its directors.It is located at kilometer 41.5 of the Litoral highway, in La Libertad, and the total investment amounts to $5 million.
The W Costa Rica hotel, which will offer a total of 151 rooms and is located in Guanacaste, reported that it plans to start operations in November of this year.
The Mexican airline Volaris will be suspending its services as of July 1, and the luxury resort hotel Mukul, in Guacalito, has announced the indefinite closure of its operations.
The crisis that has been going on in the country for the last month continues to harm the tourism business sector.The airline Volaris reported that it will temporarily suspend services to Managua from next week, and the luxury hotel Mukul Auberge Resorts Collection, in the South Pacific, announced on Friday that it will close its operations indefinitely.
Construction has started in Tola of a mixed tourist complex estimated at $20 million which includes 12 houses, a four-story tower with 18 apartments and a commercial area.
Travis and Lucas Boychuk, promoters of the tourism project that will be located in Gavilán beach, reported that for the tourism development called "Surf Ranch Hotel & Resort-Emerald Coast Popoyo", they will be building condominiums, apartments, restaurants, an events center, commercial premises, swimming pools, a spa, casino, gym and other amenities.
The Selina hotels chain has opened a new hotel in Granada, which follows the one that is already operating in Maderas beach, and plans are underfoot to open another store in San Juan del Sur.
The growth seen in tourism activities in Nicaragua over the last few years has caught the interest not only of entrepreneurs and hotel brands in the region, but also of other international chains, who foresee opportunities in Nicaragua in the medium and long term.
In the past 12 months, 78 environmental impact studies were submitted to develop hotels, marinas, clubs and beach residences in Central American countries.
Data from the interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData:
Hilton Hotels has announced the development of nine hotel projects in the region, which together will add approximately 1,300 rooms to the hotel chain in Central America.
From a press release by Hilton Hotels:
Hilton (NYSE: HLT) announces the expansion of its Latin American footprint with new deals signed in Central America. Now, Hilton has a pipeline of nine hotels across five countries in Central America, representing five of Hilton's brands: Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Hilton Garden Inn and Hampton Inn by Hilton.
The Four Seasons hotel has announced that it will be closing for four months to remodel its facilities in Papagayo in Guanacaste, Costa Rica.
Elfinancierocr.com reports that "...The work will be comprehensive and will include a new look for all areas, including the rooms, lobby and entrance area, fitness center equipment, pool and beach furniture, and new restaurant concepts."