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STR: Central/South America hotel pipeline for June 2017

July 22, 2017 Hotel Trends No Comments Email Email

STR’s June 2017 Pipeline Report shows 58,925 rooms in 378 hotel projects Under Contract in the Central/South America region. The total represents an 11.2% decrease in rooms Under Contract compared with June 2016. http://travelindustryexpo.com.au/?utm_source=Global%20Travel%20Media&utm_medium=Banners

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 28,103 rooms in 175 projects In Construction for the month. Based on number of rooms, that is a 2.0% decrease in year-over-year comparisons.

Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (22.8% with 13,418 rooms).

Upscale accounted for the largest portion of rooms In Construction (24.6% with 6,913 rooms).

Central/South America pipeline by Chain Scale segment (number of rooms % change, June 2017 vs. June 2016):

Chain Scale In Construction % Change Under Contract % Change
Luxury 2,479 -16.5% 3,578 -9.4%
Upper Upscale 5,477 +11.9% 13,418 +9.1%
Upscale 6,913 +12.0% 12,735 -5.5%
Upper Midscale 4,123 -27.8% 9,700 -31.9%
Midscale 5,469 +0.2% 11,370 -16.2%
Economy 2,794 +20.2% 6,518 -4.7%
Unaffiliated 848 -26.0% 1,606 -19.2%
Total 28,103 -2.0% 58,925 -11.2%

Source: STR / report as of June 2017, activity reported through May 2016

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