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The Latin American region has long been starved of genuine growth in its tourism sector. Barring some beach areas and the biggest of cities, capital has been slow to arrive or grow. Now, demand has peaked as hoteliers seek to leverage on gains made over the past few decades, where the growth has been better. It has partially been fueled by the craze following the Olympic Games held in Rio de Janeiro, 2016. French Group Accor and Spain’s NH are amongst those joining in with plans to invest heavy. A lack of transparency and growing crime are two of the major reasons keeping investors away. Chinese investors for example have pumped in money elsewhere but staying away form entire Latin America region due to high income taxes, long gestation period and most crucially the violence sweeping across the big cities. This is denying thousands of tourism jobs on the continent.

Source:https://www.tourism-review.com/brazilian-hotel-sector-needs-investment-news10657

Uploaded Date:10 July 2018

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