A strong final quarter drives hotel investment to 13.9% growth in 2019 – The UK remains the largest hotel investment market in the region
Travel to and within the United States grew 2.4% year over year in December, marking the industrys 10th consecutive year of expansion, according to the U.S. Travel Associations latest Travel Trends Index (TTI).
Passenger demand remained stable whilst cargo volumes fell amid global economic slowdown
According to the recent Lodging Econometrics (LE) Latin America construction pipeline report, analysts at LE state that the total construction pipeline stands at 711 projects/128,453 rooms, a 2% decline in projects and 3% increase in rooms, year-over-year (YOY).
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The Central/South America region reported 20,198 hotel rooms in construction in January, which is a 6.1% year-over-year increase.
In January, the Caribbean/Mexico region reported 31,787 hotel rooms in construction, which is a 26.9% year-over-year increase.
In January, the Asia/Pacific region showed 441,819 hotel rooms in construction, which amounted to a 14.1% year-over-year increase, according to STR's pipeline data.
Januarys YOY Increase is 2.6% as Passenger Trips Rise 2.4%