STR: Central/South America hotel pipeline update
LONDON -- STR's October 2017 Pipeline Report shows 58,909 rooms in 376 hotel projects Under Contract in the Central/South America region. The total represents an 8.0% decrease in rooms Under Contract compared with October 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 25,910 rooms in 162 projects In Construction for the month. Based on number of rooms, that is a 7.7% decrease in year-over-year comparisons.
Three key markets reported more than 1,000 rooms In Construction:
- Bogotá, Colombia (1,608 rooms in six projects)
- Santiago, Chile (1,035 rooms in five projects)
- São Paulo, Brazil (1,007 rooms in four 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