Development

STR Global Reports Central and South America Hotel Pipeline for November 2009

- The Central/South America hotel development pipeline includes 131 projects with 19,929 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

Among the countries in the region, Brazil ended the month with the most rooms in the In Construction phase as well as in the total active pipeline with 2,837 rooms and 8,264 rooms, respectively. Panama reported 2,363 rooms in the In Construction phase and 4,289 rooms in the total active pipeline.

Among the Chain Scale segments, three each accounted for more than 20 percent of rooms in the total active pipeline: the Economy segment (26.0 percent and 5,173 rooms); the Upscale segment (21.5 percent and 4,289 rooms); and the Upper Upscale segment (20.4 percent and 4,058 rooms). The Midscale without Food and Beverage segment made up the smallest portion of rooms in the total active pipeline with 6.6 percent and 1,311 rooms.

Central/South America pipeline by Chain-Scale segment for November 2009 (number of rooms):

* Includes those projects in the In Construction, Final Planning and Planning phases

About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.

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