Business Latin America

  Boeing Forecasts Latin America and Caribbean Region to Need 2,240 New Planes by 2041 With Latin American air travel outpacing the industry’s global recovery, Boeing has forecast the region’s commercial fleet to grow by more than 85% over the next 20 years, fueled by the strength of domestic and intra-regional travel. In total, the Latin American and Caribbean region will need 2,240 new airplanes by 2041, according to Boeing’s 2022 Commercial Market Outlook (CMO). Source: Travel News Asia The annual projection for commercial airplanes and services, forecasts that more than 2,000 single-aisle deliveries will more than double the current fleet to serve popular leisure routes between North America, Mexico and Caribbean, while also expanding intra-regional networks. As the fleet grows, demand for commercial aviation services will grow as well, reaching $165 billion in value over the forecast period. “Latin America has seen a strong recovery in air travel, particularly in domesti

  Hyatt Hotels will expand its presence in Latin America and the Caribbean Highlighted openings include the first Park Hyatt hotel in Mexico in 2024 (Park Hyatt Los Cabos and Residences) and the first Andaz hotel in Mexico City (Andaz Mexico City Condesa) this autumn. The expansion will be focused on the group’s luxury, lifestyle and resort brands, owing to the leisure travel demand. Source: Business Traveller Highlighted openings include the first Park Hyatt hotel in Mexico in 2024 (Park Hyatt Los Cabos and Residences) and the first Andaz hotel in Mexico City (Andaz Mexico City Condesa) this autumn. Camilo Bolanos, senior vice president of development, Latin America and the Caribbean, Hyatt, commented: “Latin America and the Caribbean are top leisure destinations for global travelers, and we continue to grow Hyatt’s brand presence in this important region to offer unique experiences to high-end travelers in new markets and sought-after destinations. “These exciting new hot

  Latin America and the Caribbean in plans of Sonesta These developments are expected to provide Sonesta with the infrastructure to expand beyond its Sonesta Hotels & Resorts and Sonesta Posadas del Inca brands and introduce seven new brands—Sonesta Select, Sonesta ES Suites, Sonesta Simply Suites, The Royal Sonesta, The James, Red Lion Hotel/Red Lion Inn & Suites and Signature Inn—to the markets. Source: Hotel Business Sonesta International Hotels Corporation has revealed several key developments to support future expansion in Latin America and the Caribbean, including the renewal of its ongoing master franchise relationship with GHL Hoteles and the hiring of three lodging development leaders with extensive hospitality experience in these regions. “The demand we are seeing in Mexico, the Caribbean and Central and South America encourages us to expand Sonesta’s footprint across these key markets,” said Brian Quinn, chief development officer, Sonesta. “We look to build u