Published on : Saturday, December 14, 2013
The Central/South America hotel development pipeline comprises 264 hotels totalling 42,231 rooms, according to the November 2013 STR Global Construction Pipeline Report. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
There are 12 hotels with 1,591 rooms under construction and scheduled to open during 2013 in the region. The Upper Midscale segment is projected to open the most rooms for the remainder of 2013 (510 rooms in three hotels), followed by the Midscale segment (358 rooms in two hotels) and the Upscale segment (290 rooms in three hotels).
During 2014, 82 hotels with 13,120 rooms are projected to open. The most rooms are expected to open in the Upscale segment (3,838 rooms in 23 hotels) and the Upper Midscale segment (2,560 rooms in 20 hotels).
Source: STR Global.
Tags: Hotel News
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