The Central/South America hotel development pipeline comprises 429 hotels totalling 70,560 rooms, according to the August 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, four each accounted for more than 15.0 percent of rooms Under Contract: the Upscale segment (20.8 percent with 14,681 rooms); the Upper Midscale segment (20.7 percent with 14,628 rooms); the Midscale segment (19.7 percent with 13,934 rooms) and the Upper Upscale segment (19.3 percent with 13,583 rooms).
The Upscale segment made up the largest percent of rooms under construction (29.1 percent) with 7,875 rooms. Three other segments each accounted for more than 15.0 percent of rooms under construction: the Upper Midscale segment (19.5 percent with 5,275 rooms); the Midscale segment (17.9 percent with 4,834 rooms); and the Upper Upscale segment (17.5 percent with 4,726 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.