Central/South America Hotel Development Pipeline Under Contract Down 7.8 Percent YOY for July 2017

The Central/South America region reported 27,333 rooms in 169 hotel projects in construction during July 2017, which is a 2.1% rooms decrease compared to the same month in 2016.

STR’s July 2017 Pipeline Report shows 60,151 rooms in 384 hotel projects Under Contract in the Central/South America region. The total represents a 7.8% decrease in rooms Under Contract compared with July 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 Central/South America region reported 27,333 rooms in 169 projects In Construction for the month. Based on number of rooms, that is a 2.1% decrease in year-over-year comparisons. 

Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (22.8% with 13,418 rooms). 

Two key markets reported more than 1,000 rooms In Construction: 

• Bogota, Colombia (1,752 rooms in seven projects)
• São Paulo, Brazil (1,202 rooms in five projects)

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