Royal Holiday hotel chain plans US $ 400 million investment
Mexican hotel chain Royal Holiday plans to invest US $ 400 million to build new hotels in Baja California Sur and Quintana Roo.
The resorts will be part of the Park Royal brand which has nine hotels in Mexico, including properties in Sinaloa, Oaxaca, Guerrero, Baja California Sur, Quintana Roo and Jalisco. The chain also has sites in the United States, Puerto Rico and Argentina.
The investment will see four new hotels in total in the Riviera Maya in Quintana Roo, Los Cabos, Baja California Sur and the Dominican Republic.
Royal Holiday chairman Pablo González Carbonell said the outlook was positive for the tourism industry. “The market is ready for growth… Full recovery is fast approaching. “
The chain offers a vacation club option, where members can sign up and vacation in more than 200 destinations around the world, a program that reportedly has 80,000 active members. Carbonell said innovation was important to the chain. “We have to evolve strongly, what we do in the vacation club membership is… entitling you not only to our hotels, but to over 200 destinations and all cruises. It’s a whole menu of places, ”he said.
Carbonell added that before the COVID-19 pandemic, the company had annual sales of 4 billion pesos (about $ 21 million at January 2020 exchange rates), which fell 50% last year. He expects sales levels to reach pre-pandemic levels by the end of 2022.
With reports from Milenio