Andina

Hotel investment in Peru to reach $1.76bn in 2015

Photo. ANDINA/Archive.

Photo. ANDINA/Archive.

14:26 | Lima, Nov. 03 (ANDINA).

Driven by a rising flow of tourists, Peru is expected to attract US$ 1.76 billion in hotel investment in 2015, according to the organizers of Expo Hoteles & Cubiertos Internacional.

Hoteles & Cubiertos is an international exhibition for equipment, furniture and supplies for hotels and restaurants. The 11th edition of this event will be held in Lima from November 28-30, 2013.

Its general manager Manuel Fazio said Sunday that the central part of Peru, Lima and Huaraz in particular, will receive 40 percent ($697.5 million) of that investment; while the northern and southern regiones will attract 32% and 28% respectively.

He said that these figures are based on the hotel sector's strong growth so far this year, private consumption, employment growth and the arrival of more than three million foreign tourists.

"We need a number of measures that ensure the sustainability, development and consolidation of this sector, especially in the short and medium term, in order to meet the demand for corporate tourism," he said.

Fazio also predicted an increase in the corporate travel segment thanks to the consolidation of the Pacific Alliance and the country's economic performance in recent years.

(END) LSC/LVT/LOG/EEP


Published: 11/3/2013
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