STR’s May 2016 Pipeline Report shows 67,053 rooms in 421 projects Under Contract in the Central/South America region. The total represents a 2.7% decrease in rooms Under Contract compared with May 2015 but no year-over-year change in the number of 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 29,627 rooms in 179 projects In Construction for the month.
Among the countries in the region, Brazil reported the most rooms In Construction with 18,497 rooms in 101 hotels. Four additional countries each reported more than 1,000 rooms In Construction: Colombia (3,268 rooms in 21 hotels); Peru (1,064 rooms in nine hotels); Argentina (1,023 rooms in eight hotels); and Panama (1,017 rooms in six hotels).