HVS Key Takeaways: CHICOS 2016

Kristin Rinaudo | December 6, 2016

By Kristin Rinaudo , Parris Jordan HVS recently held its 6th annual Caribbean Hotel Investment Conference and Operating Summit (CHICOS) at the Ritz-Carlton in San Juan, Puerto Rico. Hotel developers, investors, operators, lenders, brand representatives, and government leaders came armed with questions and information on the prospects for the region's hotel industry. Here are some key takeaways. While the Zika virus has affected the region's hotel performance in 2016, it appears that the worst is behind us. Media coverage and perceptions of the mosquito-borne Zika virus have negatively affected the Caribbean hotel market in 2016, causing...