LONDON—The Central/South America hotel development pipeline includes 138 projects with 21,451 rooms, according to the October 2009 STR Global Construction Pipeline Report released this week.
Among the countries in the region, Brazil reported the most rooms in the total active pipeline with 8,958 rooms, followed by Panama with 4,139 rooms. Three other countries ended the month with more than 1,000 rooms in the total active pipeline: Argentina (2,421 rooms); Costa Rica (1,415 rooms); and Colombia (1,311 rooms).
Among the Chain Scale segments, three segments accounted for more than 60 percent of the total active pipeline: the Economy segment (24.8 percent and 5,313 rooms); the Upscale segment (22.2 percent and 4,763 rooms); and the Upper Upscale segment (21.3 percent and 4,559 rooms).
Central/South America pipeline by Chain Scale segment for October 2009 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
10,030
|
1,307
|
1,547
|
|
Upper Upscale
|
19,693
|
3,273
|
4,559
|
|
Upscale
|
43,838
|
2,684
|
4,763
|
|
Midscale w/ F&B
|
21,888
|
1,145
|
1,934
|
|
Midscale w/o F&B
|
5,940
|
903
|
1,638
|
|
Economy
|
11,743
|
832
|
5,313
|
|
Unaffiliated
|
212,521
|
610
|
1,697
|
|
Total
|
325,653
|
10,754
|
21,451
|
About STR & STR Global:
For more than 20 years, Smith Travel Research, Inc. (STR) has been the recognized leader for hotel industry benchmarking and research. STR and STR Global offer monthly, weekly and daily STAR benchmarking reports to more than 38,000 hotel clients, representing over 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit www.strglobal.com or www.HotelNewsNow.com.
Media contacts:
Jeff Higley
Director of Communications/Editorial Director, Digital Media
jeff@str.com
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+1 (615) 824-8664 ext. 3305
*Includes those projects in the In Construction, Final Planning and Planning phases.
