Central/South America Hotel Development Pipeline Under Contract Down 17.9 Percent YOY for February 2017
STR’s February 2017 Pipeline Report shows 61,272 rooms in 392 hotel projects Under Contract in the Central/South America region. The total represents a 17.9% decrease in rooms Under Contract compared with February 2016.
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 27,804 rooms in 173 projects In Construction for the month. Based on number of rooms, that is a 17.0% decrease in year-over-year comparisons.
Five of the region’s countries each reported more than 1,000 rooms In Construction:
- Brazil (16,154 rooms in 92 projects)
- Colombia (3,333 rooms in 21 projects)
- Chile (1,503 rooms in 11 projects)
- Argentina (1,206 rooms in 10 projects)
- Peru (1,110 rooms in seven projects)
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