The Caribbean and Latin American (CALA) lodging market has experienced some challenges in 2025. While visitation from the U.S. has cooled down, intra-regional travel has increased. As always, market performance varies by segment. Modest-priced properties have struggled, but luxury and all-inclusive properties have prospered. The major international brands and developers continue to increase their presence throughout CALA by developing branded residences and highly experiential lodging properties.
