Trends

STR Global Reports Central/S. America Pipeline March 2010

The Central/South America hotel development pipeline includes 132 projects comprising 21,060 rooms, according to the March 2010 STR Global Construction Pipeline Report released this week.

STR Global

Among the countries in the region, Brazil ended the month with the most rooms in thetotal active pipeline with 7,643 rooms, including 3,151 rooms in the In Construction phase. Panama followed with 4,682 rooms in the total active pipeline and 2,477 rooms in the In Construction phase. Four other countries reported more than 1,000 rooms in the total active pipeline: Argentina (1,866 rooms); Colombia (1,687 rooms); Venezuela (1,312 rooms); and Costa Rica (1,299 rooms).

Among the markets in the region, Panama City, Panama, ended the month with 4,177 rooms in the total active pipeline, accounting for nearly 90 percent of the country’s total active pipeline. The market reported 2,477 rooms in the In Construction phase, which accounts for all of the country’s rooms in the In Construction phase. 

Among the Chain Scale segments, three segments each accounted for 20 percent or more of the total active pipeline. The Upscale segment made up the largest portion with 25.5 percent (5,379 rooms). The Economy segment accounted for 22.5 percent of the total active pipeline with 4,740 rooms, followed by the Upper Upscale segment with 21.6 percent and 4,557 rooms. The Unaffiliated segment (5.6 percent with 1,170 rooms) and the Midscale without Food and Beverage segment (6.1 percent with 1,286 rooms) accounted for the smallest portions of the region’s total active pipeline.

Central/South America pipeline by Chain Scale segment for March 2010 (number of rooms):

Chain Scale

Existing Supply

In Construction

Total Active Pipeline*

Luxury

8,857

1,807

2,027

Upper Upscale

21,167

3,216

4,557

Upscale

43,364

3,540

5,379

Midscale w/ F&B

21,844

1,217

1,901

Midscale w/o F&B

6,227

348

1,286

Economy

11,794

926

4,740

Unaffiliated

214,019

531

1,170

Total

327,272

11,585

21,060

 *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.



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