STR: Central/South America hotel construction up 6.1% in January


STR: Central/South America hotel construction up 6.1% in January STR's hotel pipeline data for the Central/South America region showed 147 projects accounting for 20,198 rooms in construction as of the end of January 2020. This represented a 6.1% year-over-year increase 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 largest percentage increase (+32.4%) in activity year over year. 1. Upper Upscale: 5,850 rooms2. Upscale: 4,196 rooms 3. Midscale: 4,167 roomsFour countries reported more than 1,000 rooms under construction. Brazil led with 8,998 rooms, which represented 3.2% of the country's existing supply, followed by Colombia (2,426 rooms, 3.3% of existing supply). 1. Brazil: 8,998 rooms (3.2%)2. Colombia: 2,426 rooms (3.3%)3. Chile: 1,849 rooms (4.8%)4. Peru: 1,716 rooms (5.9%)

Tags: Travel, Colombia, Chile, Brazil, Peru, Central South America

Source:  http://www.hospitalitynet.org/news/154000320/4097005.html