According to Lodging Econometrics, the number of hotel projects in Latin America’s construction pipeline is down 5 percent year-over-year (YOY) to 831 projects totaling 142,084 rooms.
The number of projects under construction is down 9 percent YOY at 374 projects/67,130 rooms. Meanwhile, the number of hotel projects scheduled to start construction in the next 12 months is up 23 percent at 208 projects/31,614 rooms, while those in early planning stages are down 16 percent YOY at 249 projects/43,340 rooms.
The hotel companies with the most hotel construction projects in Latin America are: AccorHotels with 136 projects/19,729 rooms, Marriott International with 99 projects/16,054 rooms, and Hilton Worldwide with 70 projects/11,076 rooms. The largest brands in the pipeline for each of these companies are: Accor’s Ibis with 54 projects/7,158 rooms, Hilton Garden Inn with 21 projects/3,080 rooms, and Courtyard by Marriott with 14 projects/2,037 rooms.
The countries with the most hotels in the construction pipeline in Latin America are: Brazil with 274 projects/45,670 rooms, Mexico with 186 projects/32,950 rooms, and Colombia with 68 projects/10,600 rooms. The Latin American cities with the largest pipelines are: Lima, Peru with 31 projects/4,988 rooms; Sao Paulo, Brazil with 26 projects/4,718 rooms; and Campinas, Brazil with 20 projects/3,741 rooms.