THP’s Top Four Projects: South America

South America has emerged as a region to watch in the hotel market since the end of the pandemic. The continent will experience significant growth in the coming years.

The hotel revenue in South America is set to reach US$19.72bn in 2024. It is projected to grow at a compound annual growth rate of 3.86% and hit a market volume of US$22.95bn by 2028.*

Helping your business reach South America 

The THP database provides detailed, updated information on the latest hotel projects across South America. Gaining access to the database is a perfect solution for businesses that want unparalleled access to contacts from a wide range of upcoming hotels.

It’s easy to search for a project which best suits your needs. The THP database contains an advanced filtering system and covers a number of different hotel types. The hotel types range from apartment hotels, all the way through to leisure hotels and resorts. 

THP’s database also covers all leading hotel chains and brands. Some of South America’s biggest upcoming hotel projects feature major industry players like Marriott, Hyatt, Hilton, and Accor.  

The THP database currently has more than 200 South American hotel projects listed as in planning or under construction.

Thousands of South American hotels on the database

South America has some of the most special and unusual hotel projects under construction or in the pipeline, thanks to the continent’s diverse landscape and less established hotel market. 

The region is also at the forefront of some of the industry’s most recent hotel trends. 

This includes a marked increase in the number of hotels and resorts that developers are building in previously unexplored locations, such as the Galapagos Islands.

We’ve compiled a list of these exciting new hotel projects below, and you can find more details on THP’s database.

Four of South America’s newest upcoming hotel projects 

The Ritz-Carlton Reserve Pearl Island

This open-air resort will be on the Pearl Islands, a string of islands situated just 30 miles off the coast of Panama. The intimate complex will feature just 86 rooms and Ritz Carlton, a subsidiary of Marriott, will operate it. The USD $35 million project is set for completion by the end of 2026.

Viceroy Bocas del Toro Panama

This resort features 186 guest rooms, which include 42 breathtaking overwater villas along 457 acres of coastline. The complex will only be accessible from Panama City by boat, seaplane or helicopter, ensuring an exclusive experience. There will also be extensive food and beverage options, along with countless options for outdoor adventure. Viceroy Hotels & Resorts runs the project.

Four Seasons Hotel and Private Residences Cartagena

Four Seasons will be opening a hotel in Cartagena, a city on Columbia’s Caribbean coast. The project will revitalise and restore several culturally significant buildings dating back to the 16th Century. It’s projected to open by the start of 2025, with 132 rooms. 

Six Senses Galapagos

Six Senses is launching a resort in the wildlife-rich Ecuadorian province of Galapagos, on the northeastern coast of San Cristobal Island. The new build complex will have 250 rooms and launch in early 2025. 

Sources: 

https://www.us.jll.com/en/trends-and-insights/research/travel-and-tourist-arrivals-in-latin-america-growing-rapidly-hotel-growth-responds

https://www.statista.com/outlook/mmo/travel-tourism/hotels/south-america#revenue