STR: Central/South America hotel construction down 5.3% in April

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http://en.travel2latam.com/nota/54569-str-centralsouth-america-hotel-construction-down-53-in-april
STR: Central/South America hotel construction down 5.3% in April
Wed May 15, 2019

STR’s pipeline data 168 hotel projects accounting for 23,324 rooms in construction as of April 2019


STR’s pipeline data for the Central/South America region showed 168 hotel projects accounting for 23,324 rooms in construction as of April 2019. This represented a 5.3% year-over-year decline in the number of rooms in the final phase of the development pipeline. 

A majority of the region’s rooms in construction are in three segments. Of those three, midscale projects represented the only percentage increase (+29.5%) in activity year over year. 

1.    Midscale: 5,551 rooms (+29.5%)
2.    Upscale: 5,229 rooms (-22.8%)
3.    Upper Upscale: 4,842 rooms (-21.7%)

Five countries reported more than 1,000 rooms under construction. Brazil led with 10,085 rooms, which represented 3.7% of the country’s existing supply, followed by Colombia (3,743 rooms, 7.1% of existing supply). 

1.    Brazil: 10,085 rooms (3.7%)
2.    Colombia: 3,743 rooms (7.1%)
3.    Chile: 2,196 rooms (5.8%)
4.    Peru: 2,106 rooms (7.6%)
5.    Argentina: 1,049 rooms (1.6%)

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