Source: STR

LONDON -- STR's September 2017 Pipeline Report shows 58,410 rooms in 374 hotel projects Under Contract in the Central/South America region. The total represents an 8.4% decrease in rooms Under Contract compared with September 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 25,869 rooms in 162 projects In Construction for the month. Based on number of rooms, that is a 5.5% decrease in year-over-year comparisons.

Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (23.7% with 13,826 rooms).

Upscale accounted for the largest portion of rooms In Construction (26.3% with 6,803 rooms).

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