Central/South America Hotel Development Pipeline Under Construction Drops 5.5 Percent for September 2017
STR’s September 2017 Pipeline Report shows 58,410 rooms in 374 hotel projects Under Contract in the Central/South America region. The total represents an 8.4% decrease in rooms Under Contract compared with September 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 Central/South America region reported 25,869 rooms in 162 projects In Construction for the month. Based on number of rooms, that is a 5.5% decrease in year-over-year comparisons.
Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (23.7% with 13,826 rooms).
Upscale accounted for the largest portion of rooms In Construction (26.3% with 6,803 rooms).
Central/South America pipeline by Chain Scale segment (number of rooms % change, September 2017 vs. September 2016):
|Chain Scale||In Construction||% Change||Under Contract||% Change|
Source: STR / report as of September 2017, activity reported through August 2016
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