We’re working on some new hotel reviews and luxury real estate features running soon, but meanwhile here’s a look at what others are reporting on for travel and living in Latin America.
Here’s the 857th journalist surprised that Colombia feels like a safe place to travel. (OK, I’m just guessing on that number but it feels like it.) The article carries the not-so-catchy title of Colombia, South America’s undiscovered luxury market with exceptional potential for growth. The gist of it? Colombian people live well, buy nice brands, eat out a lot, and are building lots of high-end business hotels in Bogata. Oh, and the country could pass Venezuela by 2015 in oil production. That could be interesting…
Those Mexican immigrants may be richer than you. Violence in Monterrey is causing many wealthy Mexicans to high-tail it out of there and buy real estate in the United States. In this article, Drug War Sparks Exodus of Wealthy Mexicans, the Washington Post says this new wave is changing the face of many gated communities in Texas. The mayor of San Antonio is quoted saying that Mexicans own at least 50,000 of the 500,000 homes in his city. From the article: “I’ve never seen so many Maseratis and Porsches in my neighborhood,” said Carl Bohn, a businessman who lives in what is formally called Sonterra, a tranquil development of homes with red-tiled roofs, palm trees, colonnaded entrances and backyard pools.
So does this mean a chunk of those new jobs Rick Perry keeps saying Texas has created have been created by…Mexicans? Oh, the irony! Because they can’t just be rich people, they must be “job creators.”
Is it okay to be a luxury resort again? The New York Times reports that after the banking crisis, the bailouts, and the stock market crash, the AIG Effect caused many meeting planners to pass on luxury resorts. Many of those places, especially in the U.S. went so far as to take the word “resort” or “spa” out of their name. In a sign things are turning around, however, the stigma seems to be lifting.
Fast track to wealth in Brazil. In Brazil, luxury goods sales rose 28 percent last year and luxury yacht sales are rising 30 percent per year. The number of millionaires in the country is expected to triple by 2020.