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STR: Central/South America hotel pipeline for March 2016

April 18, 2016 Hotel Trends No Comments Email Email

STR’s March 2016 Pipeline Report shows 73,203 rooms in 461 projects Under Contract in the Central/South America region. The total represents a 4.8% increase in rooms Under Contract compared with March 2015 and a 10.1% 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 32,123 rooms in 193 projects In Construction for the month.

Among Chain Scale segments, Upper Midscale (20.7% with 15,189 rooms) and Midscale (20.7% with 15,170 rooms) were the only two segments to account for 20.0% or more of the rooms Under Contract in the region.

In the In Construction stage, the Upscale segment (21.5% with 6,916 rooms) accounted for the largest portion of rooms. Upper Midscale (21.1% with 6,788 rooms) was the only other segment with 20.0% or more of rooms In Construction.

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

Chain Scale Existing Supply In Construction Under Contract
Luxury 13,897 3,406 4,511
Upper Upscale 38,027 5,015 12,090
Upscale 63,620 6,916 14,388
Upper Midscale 46,963 6,788 15,189
Midscale 27,144 5,817 15,170
Economy 8,055 3,017 9,534
Unaffiliated 262,223 1,164 2,321
Total 459,929 32,123 73,203

Source: STR/data current as of 31 March 2016                                                             
Under Contract includes those projects in the In Construction, Final Planning and Planning stages

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