The current total hotel construction pipeline in Latin America has 831 projects with 142,084 rooms, down 5 percent by projects year-over-year, according to the latest figures from Lodging Econometrics.
There are 374 projects with 67,130 rooms under construction, down 9 percent by projects year-over-year. Projects scheduled to start construction in the next 12 months are at 208 projects with 31,614 rooms, up 23 percent, while those in early planning are at 249 projects with 43,340 rooms, down 16 percent year-over-year.
Top Companies, Top Brands
The top hotel companies in Latin America’s Construction Pipeline by projects are AccorHotels with 136 projects and 19,729 rooms, Marriott International with 99 projects and 16,054 rooms and Hilton with 70 projects and 11,076 rooms.
The largest brands in the pipeline for each of these companies are Accor’s Ibis with 54 projects and 7,158 rooms, Hilton Garden Inn with 21 projects and 3,080 rooms and Courtyard by Marriott with 14 projects and 2,037 rooms.
Top Countries & Cities
The top countries in the Latin America Construction Pipeline are Brazil with 274 projects and 45,670 rooms, Mexico with 186 projects and 32,950 rooms, and Colombia with 68 projects and 10,600 rooms.
Cities in Latin America with the largest pipelines are Lima, Peru with 31 projects and 4,988 rooms; Sao Paulo, Brazil with 26 projects and 4,718 rooms; and Campinas, Brazil with 20 projects and 3,741 rooms.