LONDON -- STR's January 2017 Pipeline Report shows 63,321 rooms in 404 hotel projects Under Contract in the Central/South America region. The total represents a 14.9% decrease in rooms Under Contract compared with January 2016.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The region reported 28,626 rooms in 175 projects In Construction for the month. Based on number of rooms, that is an 11.7% decrease in year-over-year comparisons.

Three of the region's key markets reported more than 1,000 rooms In Construction:

  • Bogotá, Colombia (1,441 rooms in five projects)
  • São Paulo, Brazil (1,205 rooms in six projects)
  • Lima, Peru (1,203 rooms in seven projects)

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Alex Anstett
Media & Communications Coordinator - STR
STR