Back To Press Releases

STR: Central/South America hotel construction up 6.1% in January

Comments 0

HENDERSONVILLE, Tennessee—STR’s hotel pipeline data for the Central/South America region showed 147 projects accounting for 20,198 rooms in construction as of the end of January 2020. This represented a 6.1% year-over-year increase in the number of rooms in the final phase of the development pipeline.

A majority of the region’s rooms in construction are in three segments. Of those three, midscale projects represented the largest percentage increase (+32.4%) in activity year over year.

1.    Upper Upscale: 5,850 rooms
2.    Upscale: 4,196 rooms 
3.    Midscale: 4,167 rooms

Four countries reported more than 1,000 rooms under construction. Brazil led with 8,998 rooms, which represented 3.2% of the country’s existing supply, followed by Colombia (2,426 rooms, 3.3% of existing supply).

1.    Brazil: 8,998 rooms (3.2%)
2.    Colombia: 2,426 rooms (3.3%)
3.    Chile: 1,849 rooms (4.8%)
4.    Peru: 1,716 rooms (5.9%)

A note to editors
All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit and

International Media Contact:
Rebeca Vélez Mínguez
Communications Executive
+44 (0)203 890 0056 ext. 0056

General Media Inbox: