In recent years, tourism has been an important driver for economic growth in Latin America. In this sense, events like SAHIC 2023 are key to promoting the region’s tourism development.
SAHIC 2023 serves as a platform for investors and tourism professionals to connect, which can help promote investment in the tourism industry. The conference provides a unique opportunity for investors to learn about the latest trends and opportunities in the industry, as well as to connect with potential partners and stakeholders.
In this article, we will focus on investment opportunities in the hotel sector in Peru, and how it has sparked the interest of investors during SAHIC 2023, which took place in Cartagena, Colombia on March 27th and 28th.
Peru is a country full of tourist attractions, such as the Inca citadel of Machu Picchu, the Sacred Valley of the Incas, the city of Cusco, and the beautiful beaches of the Peruvian coast. In addition, Peru has a wide variety of quality hotels, hostels, and accommodations to meet the growing demand of tourists.
During the SAHIC 2023 event, a series of investment opportunities in the hotel sector in Peru were presented. Among the main trends observed in this sector, the construction of new hotels, the renovation and modernization of existing accommodations, and the opening of new properties in emerging tourist destinations stand out.
Regarding the construction of new hotels, there are projects in different stages of development in cities such as Lima, Cusco, Arequipa, and Trujillo, among others. These new hotels will have modern facilities and a wide range of services to meet the needs of tourists visiting the country.
On the other hand, the renovation and modernization of existing accommodations is another important trend in Peru’s hotel sector. Many hotels are carrying out significant renovations to improve their quality and tourist appeal. In this way, they aim to offer tourists a unique and memorable experience during their stay in the country.
Additionally, new properties are expected to open in emerging tourist destinations in Peru, such as the Amazon rainforest and the northern part of the country. These new properties will offer tourists a unique experience in contact with nature and local culture. According to SAHIC, it is estimated that the tourism sector in Peru will receive investments worth $300 million by 2023.
In Peru, there are significant economic incentives that support hotel investment from the Peruvian government, such as the RERA IGV, which is a tool that promotes private investment in various sectors by returning the General Sales Tax (IGV). In the tourism sector, it applies to projects aimed at constructing hotel infrastructure and other tourism-related ventures.
The RERA IGV facilitates the increase of Peru’s tourism infrastructure, promotes and encourages private investment, fosters economic recovery, and generates foreign currency earnings for the country, resulting in increased domestic and foreign capital investment.
By recovering 18% of the investment related to the IGV, the entrepreneur is provided with greater liquidity to execute the construction of their project. Additionally, it stimulates local and regional socioeconomic development by generating direct and indirect employment opportunities.
In summary, the hotel sector in Peru is experiencing a period of great growth and development, offering many interesting investment opportunities for investors. The construction of new hotels, the renovation and modernization of existing accommodations, and the opening of new properties in emerging tourist destinations are some of the most important trends observed in this sector.
At the end of the event, it was announced that SAHIC 2024 will be held in Peru, which will provide an opportunity for the expansion of the tourism sector through the presentation of different projects to potential investors.
If you are interested in investing in the hotel sector in Peru, at F2F CUSCO we specialize in hotel property transactions, with a wide portfolio of properties, and if we don’t have what you’re looking for, we’ll find it for you.
We hope this information has been helpful to you. If you need more information about the hotel sector in Peru, please do not hesitate to contact us. We will be happy to help you in any way we can.
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Enrique L. Gonzalez
+51 951 066 165
CEO F2F CUSCO