Violence in Mexico leaves investment unaffected

Mexico’s oceanside resorts and Mayan ruins are luring more visitors from abroad even as drug violence plagues parts of the country, spurring a wave of new investment in the hotel industry.

Hyatt Hotels is opening two resorts in Mexico later this year, and Starwood Hotels & Resorts Worldwide is planning to increase its luxury portfolio there by 50 percent.

Hoteliers and investors are counting on a continued surge in tourism across Mexico, where gains in hotel room rates outpaced increases in the rest of Latin America even as the economy slowed this year.

Source: Bloomberg