Pipeline Highlights at Q2
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South America’s Construction Pipeline for Q2 decreased to 341 projects/56,316 rooms after cresting in Q1 2008.
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59% of the region’s Pipeline is in Brazil, which has 203 projects with 36,786 guest rooms in the three construction stages.
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57% of all Pipeline projects are currently labeled Independent. 70% will likely make a branding decision prior to opening.
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With 33% of total Pipeline, select service segments make up the second largest share, led by Upscale and Midscale w/o Food & Beverage.
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In H1 2008, 35 New Hotels/5,106 rooms opened. Due to the impact of the global lending crisis, LE’s Forecasts for New Openings were adjusted down slightly to 83 new hotels/11,309 rooms in 2008 and to 96 new hotels/14,065 rooms in 2009.
To view the entire LE Lodging Construction
Report for South America, including graphics and
the Forecast for New Hotel Openings, please click here.
Lodging Econometrics (LE) specializes in:
Development Pipeline Reports - Summaries & Individual Project Records
With
Three-Year Forecasts for New Hotel Openings for every country and market
Contact Names for Owners & Management of Open & Operating Hotels
(Census)
Essential for companies inquiring about acquisitions or adding to
their asset management portfolio
Valuation Trend Summaries & Individual Sales Comp Records
Ideal for analyzing historic valuation trends and monitoring current hotel
real estate transactions
To learn more about LE’s
Reports for South America, or other markets, countries and
regions worldwide, please contact LE’s Sales Representatives at
603-431-8740, ext. 25 or email: info@lodgingeconometrics.com.
