The Central/South America hotel development pipeline comprises 133 hotels totalling 20,770 rooms, according to the July 2010 STR Global Construction Pipeline Report released this week.
Among the countries in the region, Brazil reported the largest amount of rooms in the total active pipeline with 7,042 rooms, followed by Panama with 5,400 rooms. Two other countries ended the month with more than 1,500 rooms in the total active pipeline: Argentina (1,700 rooms) and Colo'mbia (1,509 rooms).
Among the Chain Scale segments, three segments each accounted for more than 20 percent of the total active pipeline. The Upscale segment made up 24.6 percent of the total active pipeline with 5,116 rooms, followed by the Upper Upscale segment (23.4 percent with 4,864 rooms) and the Economy segment (22.9 percent with 4,748 rooms).
|
Chain Scale |
Existing Supply |
In Construction |
Total Active Pipeline* |
|
Luxury |
8,824 |
1,713 |
1,933 |
|
Upper Upscale |
18,956 |
3,578 |
4,864 |
|
Upscale |
47,692 |
2,762 |
5,116 |
|
Midscale w/ F&B |
21,251 |
1,087 |
1,866 |
|
Midscale w/o F&B |
6,315 |
386 |
1,252 |
|
Economy |
12,235 |
1,199 |
4,748 |
|
Unaffiliated |
215,636 |
352 |
991 |
|
Total |
330,909 |
11,077 |
20,770 |
* 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.