Leisure is part of IADG, a conglomerate that seeks to expand a hotel franchise into Central America and a part of Mexico. Being part of this group and partnering with Grupo Portales gives us the ability to develop our franchise. We have committed to develop 10 hotels in Central America and part of the Yucatan Peninsula within the next five years. Expanding into a market where it is much less expensive to build is an exciting opportunity. A resort usually costs about US$100 million while the ones planned in this project require between US$6-8 million each. The idea is to find local partners that are willing to provide land and equity. Most of the supplies will come from Mexico and we plan to use financial institutions like the World Bank as one of our capital sources. All these projects will be challenging but this market certainly presents many areas of opportunity.
Founding Partner and Principal
MISR asked the main players in the tourism industry about the main challenges the industry faces and how it overcomes them.
Mexican Association of Tourism Development (AMDETUR)
“The tourism industry is particularly concerned about the Consumer Protection Law that is currently under review by the authorities”
54% of tourism construction in Mexico correponds to luxury developments, with over 10,700 rooms being developed
According to AMDETUR, luxury tourism is the country’s largest area of opportunity in Mexico.
View from the Top
Mexican Association of Tourism Developers (AMDETUR)
The sector experienced sustainable growth of 11.2 percent from 2012 to 2015, compared to 4.2 percent for the global industry