Grupo Posadas Bets on Strong Hotel Growth
Grupo Posadas, Mexico's leading hotel company, emphasizes that with proper legal certainty, promotion, and infrastructure, the growth of the tourism sector will continue despite political and economic challenges.
Grupo Posadas, the largest hotel company in Mexico, believes the country is solidifying its position as a tourist destination. José Carlos Azcárraga, the company's CEO, pointed out that the growth of the hotel sector is tied to the levels of legal certainty, promotion, and infrastructure development. He expressed optimism about the increase in international travelers and noted the strong domestic tourism trend, suggesting a robust future for the sector despite various challenges.
Azcárraga highlighted the importance of collaboration between the private sector and the government, mentioning that their partnership has successfully demonstrated the significant contribution of tourism to the national economy. The growth of hotels is not merely about building properties; it encompasses the broader economic ecosystem that supports tourism, which involves consistent promotional efforts and improved legal frameworks.
As the Mexican government continues to invest in tourism and hospitality infrastructure, Grupo Posadas aims to capitalize on this momentum. The management acknowledges potential political and economic fluctuations but remains confident that with sustained initiatives and public-private partnerships, the hotel industry can thrive, benefitting both the company and the economy at large.