STR’s September 2016 Pipeline Report shows 63,748 rooms in 412 projects Under Contract in the Central/South America region. The total represents a 5.0% decrease in rooms Under Contract compared with September 2015. 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 27,359 rooms in 172 projects In Construction for the month, which is a 10.2% decrease in year-over-year comparisons.
Three Chain Scale segments accounted for 20.0% or more of the rooms Under Contract in the region: Upper Midscale (20.2% with 12,904 rooms); Upscale (20.1% with 12,827 rooms); and Midscale (20.0% with 12,747 rooms).
Specifically in the In Construction phase, only the Upscale segment (21.7% with 5,924 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|
Source: STR / report as of September 2016, activity reported through August 2016
Under Contract data includes those projects in the In Construction, Final Planning and Planning stages