LONDON -- STR's July 2017 Pipeline Report shows 60,151 rooms in 384 hotel projects Under Contract in the Central/South America region. The total represents a 7.8% decrease in rooms Under Contract compared with July 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 Central/South America region reported 27,333 rooms in 169 projects In Construction for the month. Based on number of rooms, that is a 2.1% decrease in year-over-year comparisons.

Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (22.8% with 13,418 rooms).

Two key markets reported more than 1,000 rooms In Construction:

  • Bogota, Colombia (1,752 rooms in seven projects)
  • São Paulo, Brazil (1,202 rooms in five 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.

Jeff Higley (STR)
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
STR