There are 431 hotels totalling 67,920 rooms Under Contract in the Central/South America region, according to the July 2015 STR Global Construction Pipeline Report. This represents a 7.9% increase in rooms Under Contract compared with July 2014 and a 25.1% year-over-year increase in rooms under construction. The 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 30,629 rooms in 188 hotels under construction for the month.
Among the Chain Scale segments, four segments each accounted for more than 15.0% of rooms Under Contract: Upscale (20.9% with 14,195 rooms); Upper Midscale (20.3% with 13,764 rooms); Midscale (19.5% with 13,269 rooms); and Upper Upscale (17.9% with 12,191 rooms).
Three segments accounted for more than 15.0% of rooms In Construction: Upscale (26.2% with 8,022 rooms); Midscale (18.4% with 5,646 rooms); and Upper Midscale (17.5% with 5,363 rooms).
The Unaffiliated segment accounted for the smallest portion of rooms Under Contract (5.1% with 3,436 rooms) and In Construction (6.0% with 1,853 rooms).