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News Details

STR: Central/South America hotel construction down 7.1% in July

STR's hotel pipeline data for the Central/South America region showed 160 projects accounting for 21,937 rooms in construction as of July 2019.

This represented a 7.

1% year-over-year decrease in the number of rooms in the final phase of the development pipeline.

A majority of the region's rooms in construction are in three segments.

Of those three, midscale projects represented the only percentage increase (+29.

5%) in activity year over year.

1.

Midscale: 5,184 rooms (+25.

6%)2.

Upper Upscale: 4,853 rooms (-211%)3.

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