HENDERSONVILLE, Tennessee—The Central/South America hotel development pipeline comprises 133 hotels totalling 20,770 rooms, according to the July 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 7,042 rooms, followed by Panama with 5,400 rooms. Two other countries ended the month with more than 1,500 rooms in the total active pipeline: Argentina (1,700 rooms) and Colo`mbia (1,509 rooms).
Among the Chain Scale segments, three segments each accounted for more than 20 percent of the total active pipeline. The Upscale segment made up 24.6 percent of the total active pipeline with 5,116 rooms, followed by the Upper Upscale segment (23.4 percent with 4,864 rooms) and the Economy segment (22.9 percent with 4,748 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
|
18,956
|
3,578
|
4,864
|
|
Upscale
|
47,692
|
2,762
|
5,116
|
|
Midscale w/ F&B
|
21,251
|
1,087
|
1,866
|
|
Midscale w/o F&B
|
6,315
|
386
|
1,252
|
|
Economy
|
12,235
|
1,199
|
4,748
|
|
Unaffiliated
|
215,636
|
352
|
991
|
|
Total
|
330,909
|
11,077
|
20,770
|
* 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.
Media contacts:
Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann Urie
Communications Coordinator
rurie@str.com
+1 (615) 824-8664 ext. 3305
