The Central/South America hotel development pipeline comprises 384 hotels totalling 62,958 rooms, according to the July 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 Chain Scale segments, three each accounted for more than 20.0 percent of rooms Under Contract: the Upscale segment (23.3 percent with 14,696 rooms); the Midscale segment (22.3 percent with 14,022 rooms); and the Upper Midscale segment (22.2 percent with 13,970 rooms).
The Upscale segment made up the largest percent of rooms under construction (29.8 percent) with 7,289 rooms. Two other segments each accounted for more than 15.0 percent of rooms under construction: the Midscale segment (19.8 percent with 4,841 rooms) and the Upper Midscale segment (19.7 percent with 4,820 rooms).
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.