According to Latin America’s Hotel Construction Pipeline from Lodging Econometrics (LE), the region has 878 projects/150,485 rooms, down 1 percent by projects and rooms year-over-year (YOY). The three cities with the largest pipelines are: Sao Paulo with 38 projects/7,191 rooms, Campinas, Brazil with 34 projects/6,239 rooms and Rio de Janeiro with 32 projects/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.
For hotels currently under construction, the Latin America pipeline has 400 projects/70,506 rooms, down 3 percent by projects and 4 percent by rooms YOY. There are 173 projects/29,847 rooms scheduled to start construction in the next 12 months, down 1 percent by projects and rooms. Projects in early planning, 305 projects/50,132 rooms, are up 2 percent by projects and 4 percent by rooms.
