InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG] recently announced the opening of its second property in Cabo San Lucas - the Holiday Inn Express® Cabo San Lucas hotel, a beautiful property with 94 rooms.
Hyatt Hotels Corporation (NYSE: H) and HPV S.A. announced the opening of Hyatt Place Santiago/Vitacura in the city of Santiago, Chile. The opening marks the second Hyatt-branded hotel in Santiago and introduces the Hyatt Place brand to Chile and the South American continent.
Data through the Group Stage of the tournament, which includes opening day (June 12) through the close of the Group Stage (June 26), revealed triple-digit increases in spending, compared to the same period last year, in cities such as Natal (+851%); Cuiaba (+963%); Curitiba (+167%); and Manaus (+409%).
The Central/South America hotel development pipeline comprises 400 hotels totalling 65,479 rooms, according to the June 2014 STR Global Construction Pipeline Report.
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