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STR: Central/South America hotel pipeline for September 2016

October 22, 2016 Hotel Trends No Comments Email Email

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. http://industryclub.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 27,359 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
Luxury 14,133 2,805 4,046
Upper Upscale 38,312 4,824 12,079
Upscale 59,688 5,924 12,827
Upper Midscale 49,268 5,077 12,904
Midscale 29,120 4,984 12,747
Economy 8,682 2,325 6,943
Unaffiliated 289,619 1,420 2,202
Total 488,822 27,359 63,748

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

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