The Americas region, which includes the Caribbean, South America, Central America, and North America, saw 650 hotel openings with 70,276 rooms, according to CoStar, a company that provides online real estate marketplaces, information, and analytics in the property markets.
Among those, the Caribbean, South America, and Central America accounted for 6,248 hotel rooms across 40 hotels. São Paulo reported the highest average daily rate (ADR) at $154 and revenue per available room (RevPAR) at $111 on recording, according to the preliminary November data from CoStar.
Meanwhile, Mexico saw a flurry of 2023 openings, several of which made our list, including Maroma, a Belmond Hotel, Riviera Maya; the St. Regis Kanai Resort; Grupo Habita’s Otro Oaxaca; and Soho House Mexico City, among others.