The forecast period is expected to see the opening of numerous new mid-market and budget hotels in Ecuador. One of the leading hotel groups in Ecuador, Grupo Oro Verde, recently announced plans to expand its portfolio from 10 to 15 hotels throughout the country.
With the proposed regulation of short-term rentals having hit the skids in the Ecuadoran Parliament during 2022, it is unlikely that the category will face extensive regulation during the early stages of the forecast period. This means that those operating in short-term rentals, especially the numerous emerging commercial entities focusing on this area of lodging, will continue to enjoy major competitive advantages over hotels, a category in which operators must comply with various regulations and pay various taxes and surcharges in order to operate legally.
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Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in Ecuador with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging (Destination) industry in Ecuador, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.See All of Our Definitions
This report originates from Passport, our Lodging (Destination) research and analysis database.
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