HENDERSONVILLE, Tennessee—The Central/South America hotel development pipeline comprises 133 hotels totalling 21,384 rooms, according to the August 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 with 7,400 rooms, followed by Panama with 5,530 rooms. Panama ended the month with the largest number of rooms in the In Construction phase, with 3,113 rooms, followed by Brazil with 2,632 rooms.
Among the key markets in the region, Panama City, Panama, reported the largest number of rooms in the total active pipeline (5,025 rooms) and 3,113 rooms in the In Construction phase.
Among the Chain Scale segments, three each accounted for more than 15 percent of the total active pipeline: the Upscale segment (29.0 percent and 6,209 rooms); the Upper Upscale segment (22.7 percent and 4,864 rooms); and the Economy segment (19.8 percent with 4,233 rooms). The Unaffiliated segment made up the smallest portion of the total active pipeline with 4.6 percent and 981 rooms.
Central/South America pipeline by Chain Scale segment for August 2010 (number of rooms
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
8,826
|
1,843
|
2,103
|
|
Upper Upscale
|
19,159
|
3,578
|
4,864
|
|
Upscale
|
47,357
|
2,971
|
6,209
|
|
Midscale w/ F&B
|
22,569
|
963
|
1,742
|
|
Midscale w/o F&B
|
6,315
|
386
|
1,252
|
|
Economy
|
12,522
|
996
|
4,233
|
|
Unaffiliated
|
216,314
|
342
|
981
|
|
Total
|
333,062
|
11,079
|
21,384
|
* 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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