Lodging Econometrics 2011 Latin America Lodging Outlook Report

The resurgence of lodging construction in South America is gathering speed, having bounced back faster than most other regions of the world. Rapid government intervention, including broad stimulus programs, lower interest rates and investment incentives, minimized the impact of the global recession and banking crisis. Escalating international demand for natural resources exported by these countries is further bolstering their economies, with several to see vigorous GDP growth through 2014. The lodging industry has rebounded impressively as well. Occupancy has nearly recovered to pre-recession highs, while average room rates and RevPAR have surpassed those levels. As a result, developer and global brand sentiment is avidly enthusiastic, and the Construction Pipeline in South America is flourishing.