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Central/South America Hotel Development Pipeline Under Contract Down 14.3 Percent YOY for January 2017

The region reported 28,626 rooms in 175 projects In Construction for the month. Based on number of rooms, that is an 11.7% decrease in year-over-year comparisons.

STR’s January 2017 Pipeline Report shows 63,321 rooms in 404 hotel projects Under Contract in the Central/South America region. The total represents a 14.9% decrease in rooms Under Contract compared with January 2016. 

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 28,626 rooms in 175 projects In Construction for the month. Based on number of rooms, that is an 11.7% decrease in year-over-year comparisons.

Three of the region’s key markets reported more than 1,000 rooms In Construction:

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

Posted by on February 16, 2017.

Categories: Trends

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