Peruvian Association of Hotels, Restaurants and Related Businesses (AHORA Peru) General Manager, Fredy Gamarra, affirmed that foreign investors are interested in acquiring well-established operations in the Peruvian market.
Gamarra commented that hotel investment is not a short-term investment, because investor expectations are 10-20 years ahead and they do not pay attention to temporary situations such as weather, because they are of a temporary nature.
“We know they have been asking questions, and exploring the possibilities to acquire businesses with well-established operations in the market,” he told Andina news agency.
Likewise, the AHORA Peru executive stated that expectation and confidence in the recovery of tourism in the country among tourism entrepreneurs is high, following the last long Holy Week break.
“Many operators usually await Holy Week with great expectation and confidence; domestic tourism generates a lot of business operations. So, the operators notice that, and based on this situation, they decide to bring foreign tourists,” he explained.
According to the Ministry of Foreign Trade and Tourism (Mincetur), he said, the last long Holy Week break generated positive figures for the tourism industry in the country, since 1.2 million tourists traveled across the country, which generated USD157 million for the economy.
“In this regard, Holy Week figures are important for us. Although the numbers have not been ideal for various reasons, I think incoming tourism will begin to pick up,” Gamarra remarked.