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Brazil Brazil

385 Hotels Under Contract in Central and South America

STR’s May 2017 Pipeline Report unveiled 60,167 keys in 385 hotels under contract in Central and South America, a 10.3 percent decline in rooms compared to May 2016.

Of these, 29,684 units in 184 projects were listed in the construction phase, a 0.2 year-on-year percent based on the number of rooms.

Four countries recorded more than 1,000 rooms in construction, with Brazil leading the growth with 16,207 keys in 93 developments.

Meanwhile, Colombia declared 4,200 units in 26 properties, followed by Chile with 2,365 rooms in 15 addresses and Argentina with 1,206 keys in 10 hotels.