STR Global Reports Central/South America Hotel Pipeline for May 2010
The Central/South America hotel development pipeline comprises 133 hotels totalling 21,276 rooms, according to the May 2010 STR Global Construction pipeline report released this week.
Among the countries in the region, Brazil reported the largest number of rooms in the total active pipeline (7,197 rooms), followed by Panama with 5,300 rooms. Panama reported the largest number of rooms in the In Construction phase (2,983). Brazil followed with 2,879 rooms in the In Construction phase.
Panama City, Panama, reported the largest number of rooms in the total active pipeline (4,795) among the key markets in the region, followed by Bogota, Columbia, with 1,001 rooms.
Three of the seven Chain Scale segments each accounted for more than 20 percent of rooms in the total active pipeline. The Upscale segment made up the largest portion of the total active pipeline with 25.2 percent (5,365 rooms), followed by the Upper Upscale segment (23.9 percent and 5,080 rooms) and the Economy segment (22.3 percent and 4,748 rooms).
|
Chain Scale |
Existing Supply |
In Construction |
Total Active Pipeline* |
|
Luxury |
8,985 |
1,713 |
1,933 |
|
Upper Upscale |
21,187 |
3,558 |
5,080 |
|
Upscale |
43,596 |
3,111 |
5,365 |
|
Midscale w/ F&B |
21,616 |
1,217 |
1,901 |
|
Midscale w/o F&B |
6,227 |
386 |
1,258 |
|
Economy |
12,099 |
1,199 |
4,748 |
|
Unaffiliated |
215,035 |
352 |
991 |
|
Total |
328,745 |
11,536 |
21,276 |
* 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.
