Welcome to HVS MexHIC 2024
February 2024
 

On behalf of our HVS team, I hope that our industry friends and frequent attendees of HVS MexHIC are well.

The last year has presented a great deal of activity and positive gains for our industry, although challenges remain. We have seen economic drivers in business markets advance and opportunities for further growth seem to be real, as the industrial sector of the country benefits from trends in nearshoring, among others. In the county’s more mature leisure markets, demand has continued to increase, and the appetite for further investment remains robust. Meanwhile, development efforts continue in up-and-coming markets that will gradually occupy a place in the institutional real estate investment arena.

Recovery from the painful Covid-19 pandemic has continued, although many other challenges remain. High inflation and interest rates are a drag on the economy and very specifically on hotel development projects. Political uncertainty remains, both as regards policy initiatives and key projects pursued by the current administration, and in relation to the 2024 electoral process. As we have often noted, in large measure, the hotel industry depends heavily on regional planning and public-private collaboration, and it is interesting to observe investor strategies and the evaluation of each group’s approach to the pursuit of opportunities and mitigation of risk factors.

Through the different cycles, HVS has remained close to hotel chains, ownership groups, and financial institutions as they navigate change and position themselves for continued management of their portfolios. In this context, HVS MexHIC is committed to remaining the most important industry forum for consideration, discussion and debate of elements that can lead to continued recovery and that can aid industry professionals in the analysis of structural changes they will need to consider going forward.
 
Join us February 2024 in Mexico City to cultivate strategies for your hotel and resort program. We remain available to discuss ways in which we may be of assistance in the analysis of your hotel and tourism projects.

Best Regards,
Richard Katzman
Managing Director | HVS Mexico