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STR: Central/South America hotel pipeline for June 2016

July 18, 2016 Hotel Trends No Comments Email Email

STR’s June 2016 Pipeline Report shows 66,352 rooms in 417 projects Under Contract in the Central/South America region. The total represents a 3.3% decrease in rooms Under Contract compared with June 2015 and a 5.1% year-over-year decrease 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 28,680 rooms in 176 projects In Construction for the month.

Three Chain Scale segments accounted for 20.0% or more of the rooms Under Contract in the region: Upper Midscale (21.5% with 14,246 rooms); Midscale (20.4% with 13,561 rooms); and Upscale (20.1% with 13,318 rooms).

Specifically in the In Construction phase, only the Upscale segment (21.0% with 6,024 rooms) accounted for 20.0% or more of the region’s total.

Central/South America pipeline by Chain Scale for June 2016 (number of rooms)

Chain Scale Existing Supply In Construction Under Contract
Luxury 13,959 2,970 3,950
Upper Upscale 38,251 5,046 12,450
Upscale 58,194 6,024 13,318
Upper Midscale 49,067 5,712 14,246
Midscale 28,081 5,457 13,561
Economy 8,592 2,325 6,839
Unaffiliated 273,614 1,146 1,988
Total 469,758 28,680 66,352

Source: STR / report as of June 2016, activity reported through May 2016
Under Contract includes those projects in the In Construction, Final Planning and Planning stages

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