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STR: Central/South America hotel pipeline for March 2017

April 22, 2017 Hotel Trends No Comments Email Email
KLM – AMS Top Post

STR’s March 2017 Pipeline Report shows 60,284 rooms in 385 hotel projects Under Contract in the Central/South America region. The total represents a 17.7% decrease in rooms Under Contract compared with March 2016.  http://www.tourismlegal.com.au/

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 27,421 rooms in 170 projects In Construction for the month. Based on number of rooms, that is a 14.6% decrease in year-over-year comparisons.

Two Chain Scale segments each accounted for 20.0% or more of the rooms Under Contract in the region: Upper Upscale (22.1% with 13,303 rooms) and Upscale (20.4% with 12,286 rooms).

Specifically in the In Construction phase, only the Upscale segment (22.5% with 6,164 rooms) accounted for 20.0% or more of the region’s total.

Central/South America pipeline by Chain Scale (number of rooms):

 

Chain Scale Existing Supply In Construction Under Contract
Luxury 14,304 2,031 3,272
Upper Upscale 32,860 5,104 13,303
Upscale 64,363 6,164 12,286
Upper Midscale 46,963 4,898 11,364
Midscale 32,591 5,059 11,424
Economy 9,573 3,139 6,851
Unaffiliated 308,744 1,026 1,784
Total 509,398 27,421 60,284

Source: STR / report as of March 2017, activity reported through February 2017                          
Under Contract data includes those projects in the In Construction, Final Planning and Planning stages

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