According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.
The developer of West Enclave, a Ritz-Carlton Reserve Residence, located in Los Cabos, Mexico, has opened sales to the public for a limited collection of 27 single-family Residences, following $70 million in pre-sales.
With the official start of summer this Memorial Day weekend, are you looking for an out-of-the-ordinary summer escape, away from the crowds? Well...there are some great ones!
It won't happen overnight. But the shot heard 'round the world - President Obama's "opening" with Cuba - will have momentous effects on the resort-development.
Host country experienced strong hotel performance gains during the months of June and July.
Central and South America's combined hotel development pipeline comprises 384 hotels totaling 62,958 new rooms.
Central and South America hotel development pipeline comprises 400 hotels totaling 65,479 rooms.
STR Global is reporting hotels in Brazil have experienced declines in revenue per available room as they prepared to host the FIFA World Cup.
STR Global reported this week that hotels across the Americas region recorded positive results in the three key performance metrics.
There is a strong increase of new hotel development now occurring in both the Caribbean and Mexico over last year's construction activity.
The number of hotels under construction in the region increased 15.4 percent year-over-year in January.