Grupo Posadas plans “not to lose money” in the start of operations of Live Aqua Punta Cana

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Grupo Posadas plans “not to lose money” in the start of operations of Live Aqua Punta Cana

Enrique Calderón, vice president of Hotel Operations of Grupo Posadas, said that the Dominican Republic “is the place with the greatest potential for tourism growth in the Caribbean.

“We are projecting to leave with very low occupancies. We could be around 30% and with this, even if we don’t make money, we won’t lose. The bet is that, when the pandemic is over, the hotel can reach the estimated projections of 65% and 75% occupancy, and with this we will have a profitable property, which can also charge what it needs to maintain the quality in what has to do with the guest experience,” he said.

He explained that, “we have been observing the market for several years and we noticed that before the pandemic it was the country with the highest growth rate in tourism, an average of 17% in the last 15 years,” said Calderón, who is visiting the country for the inauguration of the first hotel of Grupo Posadas in the DR: Live Aqua Beach Resort Punta Cana.

He also said that the adults-only property, valued at US$120 million, is part of his expansion plan, and stressed that the country has “a lot of room for growth” and that the group wishes to help in this expansion, although he clarified that it will depend on the evolution of the pandemic, according to Diario Libre.

He said that, as soon as the end of Covid-19 “is a little clearer”, the group will start the construction of its second hotel: the Gran Fiesta Americana Punta Cana Los Corales, for which it estimates an investment of US$130 million.

“We are going to work practically between now and the summer with occupancies of 30%. By June, July and August, if the capacity is allowed to increase by the authorities, occupancies of 50% to 55%. By 2022 we will be at 60 % occupancy because we are already activating many of the group and convention businesses,” he added.

He expressed that “the optimum occupancy level we are looking for would be in 2023, which could be 75%, with projected average rates that would be 25% higher than they are now”. This will allow us to continue betting on other projects. While we know it’s a difficult year to open, that it won’t be the hotel’s most profitable year, it’s a good time to start working for the years ahead.

“We are in talks for several developments, which may be not only in Punta Cana, but in destinations like Samana and Puerto Plata. Once the pandemic is closer to being controlled, those conversations will be closed. Next to the hotel we have another plot of land ready to start another hotel. As long as the project has a stable recovery, we could start with that one. We would love to reach 10 hotels in the country,” he said.

He also said, Grupo Posadas has experience in city hotels and we would like to have properties of this type in the main points of the DR. We are betting a lot to leave Mexico and start growing in the Caribbean, and the most interesting market is the Dominican Republic. Being here in Punta Cana is very important.

Translated with www.DeepL.com/Translator (free version)

2,281 thoughts on “Grupo Posadas plans “not to lose money” in the start of operations of Live Aqua Punta Cana

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  276. An outstanding share! I have just forwarded this onto a friend who has been conducting a little research on this. And he in fact bought me breakfast due to the fact that I discovered it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending some time to talk about this matter here on your website.

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  281. After I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I get four emails with the exact same comment. Perhaps there is a means you are able to remove me from that service? Cheers.

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  300. An outstanding share! I have just forwarded this onto a co-worker who was conducting a little homework on this. And he actually bought me breakfast due to the fact that I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending time to talk about this subject here on your site.

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  332. An outstanding share! I’ve just forwarded this onto a co-worker who was conducting a little homework on this. And he actually ordered me breakfast simply because I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to talk about this issue here on your blog.

  333. An outstanding share! I’ve just forwarded this onto a friend who had been doing a little homework on this. And he actually bought me lunch because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending time to talk about this matter here on your site.

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  337. Kelvin Kaemingk has over two decades of helping people make smarter decisions regarding their mortgage and money decisions. He began his career in financial planning and migrated into the mortgage space in 2002. He is passionate and committed to helping people throughout their lives, make the best financial decisions for themselves and their families. As a father of three, and now Papa K (grandpa) to one, a team builder and recruiter, Kelvin thrives on helping others realize their potential, often referenced as “Everyone’s biggest fan”. Kelvin Kaemingk is the Area Manager for loanDepot and Co-Host of the Real Estate Chalk Talk radio program based in the Minneapolis – St. Paul area. Kelvin Kaemingk, NMLS 251124 | Branch NMLS 1139048

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  350. After I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on every time a comment is added I get 4 emails with the exact same comment. Is there a means you can remove me from that service? Thanks.

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  369. After I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I receive 4 emails with the same comment. There has to be an easy method you can remove me from that service? Appreciate it.

  370. May I simply say what a relief to uncover someone that genuinely knows what they are discussing on the net. You definitely realize how to bring a problem to light and make it important. More and more people really need to look at this and understand this side of your story. It’s surprising you aren’t more popular because you most certainly have the gift.

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  376. The next time I read a blog, Hopefully it won’t disappoint me just as much as this one. After all, I know it was my choice to read, nonetheless I genuinely thought you would have something useful to say. All I hear is a bunch of complaining about something that you could possibly fix if you were not too busy searching for attention.

  377. Right here is the perfect blog for anybody who wishes to find out about this topic. You understand a whole lot its almost hard to argue with you (not that I actually will need to…HaHa). You certainly put a brand new spin on a subject that’s been written about for a long time. Great stuff, just great.

  378. I absolutely love your website.. Great colors & theme. Did you build this web site yourself? Please reply back as I’m hoping to create my very own site and would love to find out where you got this from or just what the theme is called. Appreciate it.

  379. A fascinating discussion is definitely worth comment. I do think that you should write more on this subject, it may not be a taboo subject but generally folks don’t discuss these topics. To the next! Many thanks.

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