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While a number of unfavorable economic and political events tested Latin America's ability to weather the storm, relatively decisive implementation of largely orthodox macroeconomic policies appears to have bolstered confidence in the region's resilience, resulting in a generally more optimistic outlook among the region's hotel investors. This positive sentiment is supported by the fact that most of the countries in the region observed increases in RevPAR in 2016, a trend likely to continue in 2017 as visitation in the region continues to tick up and additions to supply remain generally subdued.
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Thursday, March 02, 2017