Lodging Econometrics releases Construction Pipeline Trend Report for Latin America

Skyline of Rio De Janeiro reflected on the water

According to Lodging Econometrics’ recent "Construction Pipeline Trend Report" for Latin America, the region has 878 hotels with 150,485 rooms in various stages of development, down 1 percent by projects and rooms year-over-year.
 
For hotels currently under construction, the Latin America pipeline has 400 hotels with 70,506 rooms, down 3 percent by projects and 4 percent by rooms year-over-year. There are 173 hotels with 29,847 rooms scheduled to start construction in the next 12 months, down 1 percent by both projects and rooms. Projects in early planning—305 hotels with 50,132 rooms—are up 2 percent by projects and 4 percent by rooms.

The three cities with the largest pipelines in Latin America are all in Brazil: Sao Paulo has 38 hotels (7,191 rooms); Campinas has 34 hotels (6,239 rooms) and Rio de Janeiro has 32 hotels (6,625 rooms).
 
The leading franchise companies in Latin America’s pipeline are AccorHotels with 111 projects (16,551 rooms), Marriott International with 58 projects (9,814 rooms) and Hilton Worldwide with 55 projects (7,483 rooms).
 
The leading brand for each of Latin America’s top three franchise companies are Accor’s Hotel Ibis with 47 projects (6,336 rooms), Hilton Garden Inn with 18 projects (2,595 rooms) and Marriott’s Fairfield Inn with 15 projects (2,579 rooms).

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At 710 hotel projects and 123,392 rooms, the pipeline is at its lowest number of projects since Q4 2013.