The Central/South America hotel development pipeline comprises 390 hotels totalling 63,780 rooms, according to the March 2014 STR Global Construction Pipeline Report.
The total under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
Among the countries in the region, Brazil ended the month with the most rooms in construction with 12,937 rooms. Five other countries reported more than 800 rooms under construction: Colombia (2,805 rooms); Panama (1,919 rooms); Argentina (1,719 rooms); Chile (985 rooms); and Costa Rica (899 rooms).
Please note: STR recently revised the pipeline definitions. What was formerly known as the Total Active Pipeline is now referred to as Under Contract. The Pre-Planning phase also has been renamed to the Unconfirmed phase.
About STR Global:
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and Hotel News Now.
Logos, product and company names mentioned are the property of their respective owners.