With 2018 poised to be another strong year for hotel development, there is an unprecedented opportunity for owners and investors seeking to break into the highly competitive hospitality industry.

Particularly in Mexico and the Caribbean, the outlook is positive as STR is reporting a nearly 27 percent year-over-year increase in the number of hotels under construction in the region.

Maximizing Investment Opportunities in the Caribbean

Apple Leisure Group’s growth trajectory during the last several years has followed that of the region, and today we have more than 6,000 rooms across 20 resorts under development in Mexico, the Caribbean, and Central and South America.

Through our subsidiary, AMResorts, ALG has the largest pipeline of all-inclusive resorts in the Caribbean, and these new projects mark our entry into new destinations such as St. Lucia. We are also expanding our footprint in countries where we have an established presence such as the Dominican Republic, Costa Rica and Mexico.

Anticipating the Inevitable Market Cycle

However, with increased development comes increased competition, and both new and existing owners must seize the moment to prime their hotels and resorts for success.

This is especially true for current owners, who may need to consider a brand conversion to preempt potential decreases in awareness, occupancy and, in the end, revenues, due to oversaturation in the market.

Aligning with the right management partner can help prepare your property for the ever-turning market cycle, and it is key to choose one that has a history of successfully opening and managing resorts in the market where your property is located.

Considering a brand conversion? Let us know at info@algdevelopment.com.