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Latin America Development Pipeline Has 384 New Hotels

Latin America Development Pipeline Has 384 New Hotels


According to the July 2014 STR Global Construction Pipeline Report, Central and South America's combined hotel development pipeline comprises 384 hotels totaling 62,958 new rooms.
 
The total under contract data includes projects in construction, final planning and planning stages, but does not include projects in the unconfirmed stage.
 
See related story: Marriott to Double Hotel Portfolio in Latin America by 2017
 
Among the chain scale segments, three each accounted for more than 20.0 percent of rooms were under contract: the upscale segment (23.3 percent with 14,696 rooms); the midscale segment (22.3 percent with 14,022 rooms); and the upper midscale segment (22.2 percent with 13,970 rooms).
 
The upscale segment made up the largest percent of rooms under construction (29.8 percent) with 7,289 rooms. Two other segments each accounted for more than 15.0 percent of rooms under construction: the midscale segment (19.8 percent with 4,841 rooms) and the upper midscale segment (19.7 percent with 4,820 rooms).

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