LONDON—The Central/South America hotel development pipeline includes 128 projects with 19,887 rooms, according to the December 2009 STR Global Construction Pipeline Report released this week.
Among the countries in the region, Brazil ended the month with the most rooms in the total active pipeline with 8,372 rooms. Panama followed with 4,175 rooms in the total active pipeline. Three other countries ended December with more than 1,000 rooms in the total active pipeline: Argentina (1,808 rooms), Costa Rica (1,164 rooms), and Colombia (1,161 rooms).
Among the Chain Scale segments, three each accounted for more than 20 percent of rooms in the total active pipeline. The Economy segment made up the largest portion of the total active pipeline with 26.0 percent and 5,173 rooms. The Upscale segment ended the month with 4,570 rooms and 23.0 percent of the total active pipeline, followed by the Upper Upscale segment with 4,058 rooms and 20.4 percent.
Central/South America pipeline by Chain Scale segment for December 2009 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
9,369
|
1,729
|
1,729
|
|
Upper Upscale
|
19,204
|
3,273
|
4,058
|
|
Upscale
|
43,761
|
2,465
|
4,570
|
|
Midscale w/ F&B
|
22,121
|
1,000
|
1,704
|
|
Midscale w/o F&B
|
6,115
|
474
|
1,207
|
|
Economy
|
11,794
|
592
|
5,173
|
|
Unaffiliated
|
213,937
|
359
|
1,446
|
|
Total
|
326,301
|
9,892
|
19,887
|
*Includes those projects in the In Construction, Final Planning and Planning phases.
About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC and HotelNewsNow.com. For more information, please visit www.strglobal.com.
Media contacts:
Jeff Higley
Director of Communications/Editorial Director, Digital Media
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann
Communications Coordinator
spann@str.com
+1 (615) 824-8664 ext. 3305
