Real Estate News
Latin America Hotel Development Pipeline Dips in June

Latin America Hotel Development Pipeline Dips in June

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 total represents a 3.3% decrease in rooms Under Contract compared with June 2015 and a 5.1% year-over-year decrease in rooms In Construction.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the unconfirmed stage.

The region reported 28,680 rooms in 176 projects In Construction for the month.

Three Chain Scale segments accounted for 20.0% or more of the rooms Under Contract in the region: Upper Midscale (21.5% with 14,246 rooms); Midscale (20.4% with 13,561 rooms); and Upscale (20.1% with 13,318 rooms).

Specifically in the In Construction phase, only the upscale segment (21.0% with 6,024 rooms) accounted for 20.0% or more of the region's total.  

WPJ News | Central/South America pipeline by Chain Scale for June 2016 (number of rooms)
Sponsored by

Comment with Facebook

Copyright 2010 - 2019 WORLD PROPERTY JOURNAL, INC. All Rights Reserved.

Join 34,000+ real estate professionals worldwide who receive our free weekly newsletter

News Search

Listing of The Day

Luxury Property Spotlight

Reader Poll

Featured International Listings
Free News Alerts

Sign up now to receive the latest local & global real estate news in your inbox.