LONDON—The Central/South America hotel development pipeline comprises 170 hotels totalling 27,457 rooms, according to the July 2011 STR Global Construction Pipeline Report.
As of 30 June 2011, 12 projects have opened in the region with 1,711 rooms. There are 34 more projects expected to open in the remainder of 2011 with 6,338 rooms. In 2012, there are 42 projects scheduled to open with 6,741 rooms.
Among the Chain Scale segments, the Upscale segment is expected to open the largest number of rooms for the remainder of 2011 with 2,226 rooms among 13 projects. The segment is also expecting to open the largest number of rooms in 2012 with 2,118 rooms among 12 projects. The Upper Upscale segment (1,744 rooms among two projects) and the Midscale segment (1,444 rooms among 10 projects) also are expected to open a significant number of rooms in 2011.
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jeff@str.com
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Rachael Spann Urie
Director, Public Relations
rurie@str.com
+1 (615) 824-8664 ext. 3305
Konstanze Auernheimer
Director of Marketing & Analysis
STR Global
KAuernheimer@strglobal.com
+44 (0)207 922 1961
