Mexico’s Renewed Enthusiasm & Continued Growth

Having seen 38.3 million international tourists in 2022, an increase of 20.3% since 2021, Mexico is currently one of the most popular destinations in the world, and it’s not hard to see why. Ranking number seven in global development, this country combines a mosaic of natural settings, cities with pre-Hispanic, colonial, and modern heritage, varied cuisine, and a thriving economy. Its capital, Mexico City, has emphasized these traits becoming a sought-after haven for people around the globe – home to the second-highest number of museums in the world, approximately 40,000 restaurants, and serves as a booming business hub in the Americas.

Making waves in the hospitality industry, Mexico currently holds a staggering 33,475 rooms across 203 projects in the pipeline at Q4 close, according to Lodging Econometrics. Recent data shared by STR Global during the 2023 SAHIC Conference, shared further insight into Mexico’s thriving hospitality sector, reporting 29,000 rooms across 200 projects underway for 45 brands. Driven by the buzzing demand, Hyatt Hotels Corporation aims to expand its brand presence by an impressive 30% in 2025.

Looking Ahead

Spring 2023 will mark the anticipated arrival of Hyatt Regency Mexico City Insurgentes, poised to become a bustling capital-city hub for both business and leisure travelers. Looking ahead to 2024, two notable openings are planned: Park Hyatt Los Cabos, the first Park Hyatt Hotel in Mexico, and Grand Hyatt Cancún Beach Resort, a luxurious destination in the Yucatán Peninsula.

Moving to Baja California Sur, St. Regis Los Cabos at Quivira, located on 1,200 feet of oceanfront, will offer 120 guestrooms and 60 private residences. Less than a hundred miles away, Four Seasons Resorts and Residences Los Cabos at Costa Palmas debuted in October with open-air buildings designed by Guerin Glass Architects to highlight the surroundings near the Sea of Cortez.

Below, we dive into a few exciting and forthcoming properties, with completion dates scheduled by late 2024 that are set to redefine Mexico’s flourishing hospitality scene.

St. Regis Los Cabos | Los Cabos, Mexico

At the crown of the Quivira Masterplan, the St. Regis Los Cabos is set to become the epitome of luxury. Nestled between a dramatic mountain backdrop and a Jack Nicklaus golf course, the resort is broken into as a series of meandering gardens, providing respite from the Los Cabos sun while opening to breathtaking coastal views. The development encompasses a 1,850-acre Luxury Quivira Community, a 120-key hotel, 74 residences, a private beach club, three signature F&B venues, a fitness center, a wellness center, a spa, and enchanting swimming pools, including a saltwater lagoon.


Spread over 26 acres within the Cabo del Sol golf community, Park Hyatt Los Cabos Resort & Residences promises an unparalleled experience. Seamlessly integrating with the natural landscape, unobstructed ocean views, and access to two secluded beaches an idyllic setting is ensured for guests. The Park Hyatt Los Cabos offers 162 guest rooms, 36 branded residences, multiple F&B venues, a fitness center, a 13,000-square-foot spa with treatment centers, and a golf course.


Sofitel SO Los Cabos | Los Cabos, Mexico

The Sofitel SO Los Cabos a five-star luxury haven, situated on a prominent 7.5-acre beachfront site, will gracefully cascade down to the beach, offering picturesque horizons from every building. Derived from the Mexican Hacienda and the importance of family gathering spaces, the Sofitel SO Los Cabos boasts large, bold architectural elements and vibrant interior finishes that pay homage to Mexican traditions. The resort hosts 210 keys, 40 branded residences, a specialty restaurant, an ultra-lounge, a conference and meeting center, a beach club, and a spa.

Upcoming Projects

In addition to these upcoming projects, there are a few more developments on the horizon. The Los Cabos Lifestyle Entertainment Resort, currently in the planning stages, promises a four-star experience filled with engaging and flexible spaces across six levels of amenities and guestrooms. This resort aims to cater to every traveler’s needs, ensuring an unforgettable stay, with 900 keys, 5,300 square meters of event and function space, and a sprawling 1,800-square-meter spa.

Lastly, the San Jose Pacifica Master Plan introduces an exquisite clubhouse that celebrates speed and movement. Designed with a nod to the racing cars speeding by on the track below, the building features slanting, weaving horizontal bands that capture iconic views of the track. Natural light and lush greenery grace the spaces between the weaving forms, creating a harmonious blend of architectural prowess and nature. This project includes a 5,400-square-meter car showcase lobby, a member’s club, and private pit boxes.

Fueled by renewed enthusiasm and a steadfast commitment to growth, Mexico’s hospitality scene will continue to evolve. With remarkable projects in the pipeline and notable openings on the horizon, the country is solidifying its position as a sought-after destination for leisure and business travelers alike.

Conrad Punta de Mita

We’ve been privileged to work and grow our portfolio in this region, some of the most recent additions include:

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