Hospitality

In the hotel industry, innovation and adaptation are key to staying relevant and competitive. One of the emerging trends we've observed, especially looking towards 2023 and 2024, is the transformation of hotels into true gastronomic destinations. According to the World Food Travel Association, the global culinary tourism market is estimated to be worth $1.8 trillion by 2025, with a compound annual growth rate (CAGR) of 13.2% between 2023 and 2025. A clear example of this can be seen in Mexico, a country recognized for its rich culinary diversity. This year, Mexico has been highlighted by the prestigious Michelin Guide, which has decided to include five Mexican destinations - Mexico City, Nuevo León, Oaxaca, Baja, and Los Cabos - in its repertoire for the first time. Additionally, Los Cabos is emerging as a clear example of how hotels can capitalize on this trend by integrating high-quality gastronomic experiences into their offerings. In recent years, Los Cabos has seen the opening of new luxury properties from recognized brands such as St. Regis, Four Seasons, Park Hyatt, Soho House, Aman, and Velas Resorts. These properties not only expand the luxury accommodation portfolio in the region but also integrate international-caliber gastronomic services, reinforcing the destination's position as a

Hospitality

In recent years, the hotel industry has experienced a boom in the construction of luxury hotels around the world. And although it is often assumed that these properties belong to local investors, the reality is that various countries that invest in this type of hotel also come into play. According to a study by the World Travel and Tourism Council published by HostelTur, China is one of the leading countries in luxury hotel investment. With an ever-growing middle class, domestic tourism has increased significantly in recent years, and as a result, the hotel market has boomed, attracting the attention of local and foreign investors alike. Another country that has seen an increase in investment in luxury hotels is the United States. In cities like New York, Miami, and Los Angeles, new upscale hotels are being built at a rapid pace. Many of these projects are initiatives by foreign investors seeking to capitalize on the growing market for superior tourism in that country. On the other hand, in Europe, Spain also stands out as a country that has seen a large increase in hotel investment in recent years. Thanks to its warm climate and its beautiful beaches, this territory has become a popular tourist