SANTIAGO, Chile—There’s bound to be a lot of smiling faces at the South American Hotel & Tourism Investment Conference later this month. Colombia, Peru, Chile, Brazil—nearly every hotel market has seen growth. “We are seeing for the last couple of years in Latin America, and mainly South America, that the economies are still growing,” said Arturo Garcia Rosa, president of HVS Argentina.

LONDON—Hoteliers in this legendary hotel city are undoubtedly excited about the prospects of the 2012 Olympics being held in their backyards, but they’re not looking at the single event as an end-all-be-all proposition. After all, London has operated at nearly 90% occupancy for most of this summer. And besides the Olympics in late July and early August, it will host The Queen’s Diamond Jubilee in early June 2012 and the Paralympics in late August and early September 2012.