South America's Construction Pipeline for Q2 decreased to 341 projects/56,316 rooms after cresting in Q1 2008.
• 59% of the region's Pipeline is in Brazil, which has 203 projects with 36,786 guest rooms in the three construction stages.
• 57% of all Pipeline projects are currently labeled Independent. 70% will likely make a branding decision prior to opening.
• With 33% of total Pipeline, select service segments make up the second largest share, led by Upscale and Midscale w/o Food & Beverage.
• In H1 2008, 35 New Hotels/5,106 rooms opened. Due to the impact of the global lending crisis, LE's Forecasts for New Openings were adjusted down slightly to 83 new hotels/11,309 rooms in 2008 and to 96 new hotels/14,065 rooms in 2009.
To view the entire LE Lodging Construction Report South America, including graphics and the Forecast for New Hotel Openings, please click here.
Lodging Econometrics (LE) of Portsmouth, NH is the global authority for hotel real estate. LE conducts Supply Side research for all markets, developers and brands and companies in: U.S., Canada, Mexico, Central America and the Caribbean, Europe, Asia, Middle East, South America, and Africa.
