Peru expects to attract US$1.76 billion in hotel investment in 2015

Published on : Tuesday, November 5, 2013

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



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 Nov 28-30, 2013.



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


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