STR’s February 2016 Pipeline Report shows 74,668 rooms in 473 hotels Under Contract in the Central/South America region. The total represents a 3.9% increase in rooms Under Contract compared with February 2015 and a 16.4% year-over-year increase in rooms In Construction.
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 33,516 rooms in 205 hotels under construction for the month.
Among the countries in the region, Brazil reported the most rooms In Construction with 21,269 rooms in 116 hotels. Four additional countries each reported more than 1,000 rooms under construction: Colombia (3,433 rooms in 25 hotels); Argentina (1,508 rooms in 12 hotels); Chile (1,143 rooms in nine hotels); and Panama (1,113 rooms in seven hotels).