Latin America's Construction Pipeline Is Stalling
PORTSMOUTH, NH. September 14, 2017 – The total Construction Pipeline in Latin America has 878 Projects/146,312 Rooms, the exact same number of projects as last year.
There are 418 Projects/72,690 Rooms Under Construction, up 4% by projects Year-Over-Year (YOY). Rooms Scheduled to Start Construction in the Next 12 Months are at 211 Projects/33,542 Rooms, up 22%, while those in Early Planning are at 249 Projects/40,080 Rooms, down 18%.
The top hotel companies in Latin America’s Construction Pipeline by projects are: AccorHotels with 150 Projects/22,136 Rooms, Marriott International with 94 Projects/14,880 Rooms and Hilton Worldwide with 75 Projects/11,709 Rooms. The largest brands in the Pipeline for each of these companies are: Accor’s Ibis with 56 Projects/7,588 Rooms, Marriott’s Fairfield Inn with 14 Projects/2,035 and Hilton Garden Inn with 22 Projects/3,286 Rooms.
The top countries in the Latin America Construction Pipeline are: Brazil with 311 Projects/52,634 Rooms, Mexico with 197 Projects/33,569 Rooms, and Colombia with 74 Projects/10,707 Rooms. Cities in Latin America with the largest pipelines are: Sao Paulo with 38 Projects/7,026 Rooms, Campinas, Brazil with 25 Projects/4,594 Rooms and Lima, Peru with 24 Projects/4,073 Rooms.
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