In August, the Central/South America region reported 27,532 rooms in 171 hotel projects in construction, according to STR. The number of rooms is a 0.9% year-over-year decrease when compared to August 2016.
STR’s August 2017 Pipeline Report shows 59,294 rooms in 378 hotel projects Under Contract in the Central/South America region. The total represents a 6.9% decrease in rooms Under Contract compared with August 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 27,532 rooms in 171 projects In Construction for the month. Based on number of rooms, that is a 0.9% decrease in year-over-year comparisons.
Five countries in the region reported more than 1,000 rooms In Construction:
- Brazil (14,424 rooms in 84 projects)
- Colombia (4,441 rooms in 27 projects)
- Chile (2,142 rooms in 13 projects)
- Argentina (1,437 rooms in 12 projects)
- Peru (1,094 rooms in 7 projects)
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.