STR Global Reports Central/South America Hotel Pipeline for June 2010

2010-07-19

Send

Go Back

Text Size:

The Central/South America hotel development pipeline comprises 133 hotels totalling 21,222 rooms, according to the June 2010 STR Global Construction Pipeline Report released this week.

Among the countries in the region, Brazil reported the largest number of rooms in the total active pipeline (7,191 rooms), followed by Panama with 5,300 rooms. Argentina ended the month with 1,900 rooms in the total active pipeline, followed by Colombia (1,509 rooms) and Costa Rica (1,420 rooms).

Among the Chain Scale segments, the Upscale segment accounted for the largest portion of the total active pipeline with 25.3 percent 5,365 rooms. Two other segments each made up more than 20 percent of rooms in the total active pipeline: the Upper Upscale segment (23.9 percent with 5,067 rooms) and the Economy segment (22.4 percent with 4,748 rooms). The Unaffiliated segment was the only segment to account for less than 5 percent of rooms in the total active pipeline (4.7 percent with 991 rooms).

**Central/South America pipeline by Chain Scale segment for June 2010 (number of rooms**
Chain Scale	Existing Supply	In Construction	Total Active Pipeline*
Luxury	8,824	1,713	1,933
Upper Upscale	18,601	3,781	5,067
Upscale	44,697	3,111	5,365
Midscale w/ F&B	21,556	1,182	1,866
Midscale w/o F&B	6,227	386	1,252
Economy	12,099	1,199	4,748
Unaffiliated	217,130	352	991
Total	329,134	11,724	21,222

* Includes those projects in the In Construction, Final Planning and Planning phases.

About STR & STR Global

For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.