JW Marriot opens luxury hotel in Bogota

As Colombia prepares for the inauguration of a new President and the Uribe Era comes to and end, major hotel brands continue to arrive to the country. This week JW Marriot opened for the first time in Bogota, Colombia.
Improved security, the dynamic economy and tax breaks for the industry are attracting the major international hotel chains that for decades shied away from Colombia. investors for the first time believe that Colombia is the place to be and the proof is on the creation of around 4500 new hotels rooms just in 2010. Hotel Brands like Hilton, Sonesta, Intercontinental, Marriot, Hyatt, Holiday Inn and many others currently have projects in cities like Medellin, Cartagena and Bogota.

The last eight years under the Government of President Uribe the amount of tourist that visit Colombia increased by 500%, just in 2009 along Colombia grew 17% in the amount of foreign visitors, making it the only country in Latin America that showed grow in this area during a global recession.

The dynamism of Colombia's economy, fueled by the boom in natural resources including coal, petroleum and coffee, is luring more business travelers. A special 20-year income tax exemption for new hotels that Colombia approved to counter the effect of the global financial crisis has been an important incentive.

To learn more about Colombia visit www.colombia.travel or www.investincolombia.com