Hotel Construction Pipeline in Latin America is Steady with 892 Projects, Up 3 Percent YOY
December 28, 2016 2:37pm
December 28, 2016 – PORTSMOUTH, NH - According to the recent Construction Pipeline Trend Report for Latin America from Lodging Econometrics (LE), the region has 892 Projects/151,203 Rooms, up 3% by projects and down 1% by rooms Year-Over-Year (YOY).
For hotels currently Under Construction, the Latin America Pipeline has 410 Projects/70,564 Rooms, down 1% by projects and 6% by rooms YOY. There are 182 Projects/31,255 Rooms Scheduled to Start Construction in the Next 12 Months, up 3% by projects and 2% rooms. Projects in Early Planning, 300 Projects/49,384 Rooms, are up 8% by projects and 5% by rooms.
The three cities with the largest pipelines are: Sao Paulo, Brazil with 39 Projects/6,877 Rooms, Campinas, Brazil with 35 Projects/6,349 Rooms and Lima, Peru with 23 Projects/3,534 Rooms.
The leading franchise companies in Latin America’s Pipeline are: AccorHotels with 123 Projects/18,206 Rooms, Marriott International with 81 projects/12,926 Rooms and Hilton Worldwide with 60 Projects/8,891 Rooms.
The leading brand for each of Latin America’s top three franchise companies are: Accor’s Hotel Ibis with 54 Projects/7,051 Rooms, Marriott’s AC Hotel with 11 Projects/1,802 Rooms and Hilton Garden Inn with 19 Projects/2,721 Rooms.
Tags: lodging econometrics,
construction pipeline trend report
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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