JLL: 8-10% growth in ADR in Mexico City hotel market in 2015
Jones Lang LaSalle IP Inc. noted in its Hotel Intelligence Mexico report of March 2015 that RevPAR in Mexico City’s hotel market has grown by 9.1% over the last year to record highs. JLL expects similar growth this year. At 65%, the overall occupancy rate is near its ceiling. Demand from business travelers is growing. Supply of quality hotel rooms will remain broadly unchanged in 2015 at 29,500. Hotels that have been upgraded have been able to increase their rates.
Source : 31 March 2015/JLL/Mexico City/HOT