LONDON—The Central/South America hotel development pipeline includes 132 projects comprising 21,119 rooms, according to the February 2010 STR Global Construction Pipeline Report released this week.
Among the countries in the region, Brazil reported the largest amount of rooms in the total active pipeline with 8,311. Panama also ended the month with a large number of rooms in the total active pipeline with 4,253. Panama City, Panama, accounted for 3,808 of Panama’s 4,253 total rooms in the active pipeline.
Among the Chain Scale segments, the Upscale segment accounted for the largest percentage of rooms in the total active pipeline with 25.3 percent and 5,353 rooms. The Economy segment (23.5 percent and 4,968 rooms) and the Upper Upscale segment (19.2 percent and 4,050 rooms) also made up large portions of the region’s total active pipeline.
Central/South America pipeline by Chain Scale segment for February 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
8,857
|
1,807
|
2,027
|
|
Upper Upscale
|
21,167
|
3,265
|
4,050
|
|
Upscale
|
43,366
|
3,369
|
5,353
|
|
Midscale w/ F&B
|
21,682
|
1,362
|
2,046
|
|
Midscale w/o F&B
|
6,227
|
474
|
1,207
|
|
Economy
|
11,794
|
634
|
4,968
|
|
Unaffiliated
|
213,904
|
231
|
1,468
|
|
Total
|
326,997
|
11,142
|
21,119
|
*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
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann
Communications Coordinator
spann@str.com
+1 (615) 824-8664 ext. 3305
