STR Global reports Central and South America pipeline for October 2009
The Central/South America hotel development pipeline includes 138 projects with 21,451 rooms, according to the October 2009 STR Global Construction Pipeline Report released this week.
Among the countries in the region, Brazil reported the most rooms in the total active pipeline with 8,958 rooms, followed by Panama with 4,139 rooms. Three other countries ended the month with more than 1,000 rooms in the total active pipeline: Argentina (2,421 rooms); Costa Rica (1,415 rooms); and Colombia (1,311 rooms).
Among the Chain Scale segments, three segments accounted for more than 60 percent of the total active pipeline: the Economy segment (24.8 percent and 5,313 rooms); the Upscale segment (22.2 percent and 4,763 rooms); and the Upper Upscale segment (21.3 percent and 4,559 rooms).
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STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the
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