Ithaca Capital announced that the Bahia Grand Panama Hotel, which used to hold the Trump Hotels brand, will become a JW Marriott hotel in September 2018.
Up until the first quarter of this year the hotel had been operated by Trump Panama Hotel Management, but after several conflicts with the owner of the property, Orestes Fintiklis, partner of Ithaca Capital, the Trump company lost the operation.
In partnership with Cayalá Group the Marriott International chain has announced for 2018 a 160 room hotel in Guatemala City and another hotel with 115 rooms in the Cuidad Cayalá complex in zone 16.
The hotel to be built in Guatemala City will have 160 rooms and will operate under the brand Marriott Hotel, while the second hotel will have 115 rooms and will be of the brand AC Hotel.Both facilities will be built by Cayalá Group and operated by Marriott International Corporation.
While occupancy rates and average prices continue to fall, the Panamanian hotel market is preparing to increase its supply by another 1,200 rooms at the end of the year.
The Panamanian Association of Hotels (Apatel) reports that in recent years there has been a 209% increase in the number of rooms available in the country, in contrast to demand which has only grown by 5% annually.
An announcement has been made for the 2016 opening of a Fairfield hotel by Marriott, a 130-room hotel in San Salvador, situated next to La Gran Via shopping center.
From a statement by Marriott International:
Marriott International has announced its plans to open a hotel with 130 rooms under the Fairfield by Marriott brand in El Salvador. The hotel will be located next to La Gran Via shopping center and close to companies such as Xerox, Citibank, the World Bank, Bayers and Siemens. The hotel will serve as an excellent accommodation choice for frequent business travelers. The hotel will be developed by Dueñas Hermanos Ltda. And managed by Marriott International under a long-term agreement.
Although since 2011 the construction of hotels has shown a downward trend, 23 new projects requested a declaration of interest in order to start operations in the country.
Figures from the Construction Chamber show that between 2011 and 2013 the total square meters approved for construction of new hotels dropped from 140,670 m² to 51,975 m². However, it seems that the sector us beginning to recover, as there are 23 projects that were declared of interest by the Costa Rican Tourism Institute (ICT) that are under construction or have received approval to start work.
In the past 20 years hotels have had to adapt to much more informed clients, who are less loyal and have broader interests.
An article on Hosteltur.com reviews the evolution of the hospitality industry, in times of globalization and most of all the possibilities offered by the Internet.
The Secretary General of CEHAT, Ramón Estalella, notes that "...
Specialists in the development of software for the management and control of business with 15 years experience in the market.
Organization that operates in Costa Rica and Honduras
Phone: (506) 2291 9091
The demand for qualified bilingual staff required by the Panama hotel sector increases by 20% per year.
This is according to Jesus Sierra, president of the Panamanian Association of Hotels. Something similar is happening in restaurants, where during the last two years the country has opened one new branch a week, something that necessitates having qualified personnel in order to meet the growing demand.
During the meeting of small hotels which is taking place in Costa Rica, representatives from 17 countries will sign the formation of an Inter American Network.
A statement from the National Network of Small Hotels (REDNAPH) reads:
Today will see the creation of the Inter-American Network of Small Hotels, as part of the First Meeting of Small Hotels in America and the Caribbean.
On 18th and 19th of April Latin American small hoteliers in Costa Rica will meet to discuss issues such as competitiveness, promotion and marketing, and accommodation in small centers.
"Owners of small hotels in the Latin American region with a minimum of five rooms and a maximum of 50 will gather together on 18th and 19th of April at the Hotel Radisson Zurquí in Barrio Tournon," reported Elfinancierocr.com.
The growth of the hotel sector in Panama also means growth in demand for businesses -and people- who are specialized and experienced in their administration.
Operating a hotel requires professionalism and efficiency, especially considering that the investments involved are not small.
In Panama, where the hotel sector is expanding rapidly to the rhythm of economic growth and the steady increase in both tourism and business trips, there are two current issues in the hotel management, as highlighted in an article in Capital.com.pa:
The country will host from today until September 29 the IX Central American Forum of Small Hotels.
Organized by the Central Federation of Small Hotels (FECAPH), the event brings together the region's hoteliers to define strategies to improve competitiveness.
"In parallel, a "Provider’s Fair " will also be running, which aims to improve infrastructure investments.
A new generation of travelers are choosing where to stay not by the number of stars a hotel has, but by looking for the style of hotel that fits their own lifestyle.
An example of adaptation to these concepts is Hotels & Resorts, the largest operator of luxury hotels, which has transformed itself by following three steps:
1 - Stop being hotel owners so that the main focus can be the customers, for this reason 110 establishments were sold in the last decade at a value of $7,500 million, in order to focus on management, differentiated service and customer loyalty.
One of the major challenges for the hospitality industry in El Salvador is to have a skilled workforce and raise customer service awareness.
"From a lady or a gentleman ... to a lady or a gentleman." The phrase sums up the philosophy of the Ritz-Carlton group, synthesizing the internal predisposition toward providing first class services which are in line with what customers expect.
The company will administer the $70 million "Jade Condo Hotel Residences & Beach Club" project.
The 190 residence and 50 villa project is being developed by Space Source Inc. which plans to begin construction in the spring of 2009 and to inaugurate it in 2010.
It is located in Manuel Antonio in the pacific coast of Costa Rica.
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