HENDERSONVILLE, Tennessee—The Central/South America hotel development pipeline comprises 133 hotels totalling 21,222 rooms, according to the June 2010 STR Global Construction Pipeline Report released this week.
Among the countries in the region, Brazil reported the largest number of rooms in the total active pipeline (7,191 rooms), followed by Panama with 5,300 rooms. Argentina ended the month with 1,900 rooms in the total active pipeline, followed by Colombia (1,509 rooms) and Costa Rica (1,420 rooms).
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of the total active pipeline with 25.3 percent 5,365 rooms. Two other segments each made up more than 20 percent of rooms in the total active pipeline: the Upper Upscale segment (23.9 percent with 5,067 rooms) and the Economy segment (22.4 percent with 4,748 rooms). The Unaffiliated segment was the only segment to account for less than 5 percent of rooms in the total active pipeline (4.7 percent with 991 rooms).
Central/South America pipeline by Chain Scale segment for June 2010 (number of rooms
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
8,824
|
1,713
|
1,933
|
|
Upper Upscale
|
18,601
|
3,781
|
5,067
|
|
Upscale
|
44,697
|
3,111
|
5,365
|
|
Midscale w/ F&B
|
21,556
|
1,182
|
1,866
|
|
Midscale w/o F&B
|
6,227
|
386
|
1,252
|
|
Economy
|
12,099
|
1,199
|
4,748
|
|
Unaffiliated
|
217,130
|
352
|
991
|
|
Total
|
329,134
|
11,724
|
21,222
|
* 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 Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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