latin america hotel construction pipeline
Latin America Hotel Construction Surges, Pipeline Expands Over 10% Annually
Lodging Econometrics | October 31, 2024
Lodging Econometrics’ (LE) Q3 2024 Latin America Construction Pipeline Trend report signals growth for the region’s hospitality industry. The pipeline currently stands at 642 projects and 104,513 rooms, representing robust year-over-year (YoY) increases of 11% in project count and 10% in room count. Digging deeper into the pipeline data, LE’s report highlights several positive indicators. At the close of Q3 2024, Latin America had 269 projects with 47,151 rooms under construction, reflecting a 10% YoY rise in both metrics. Additionally, the number of projects scheduled to start construction within the next 12 months grew to 183 pro...
Latin America Hotel Construction Pipeline Expands With 11% YOY Growth – Updated New Openings Forecast
Lodging Econometrics | August 8, 2024
August 8, 2024 – PORTSMOUTH, NH The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with stable growth in new hotel openings forecast through 2026. This projected growth is supported by the region’s expanding construction pipeline, currently standing at 612 projects (97,597 rooms), marking an 11% increase in projects and a 10% increase in rooms year-over-year. At the end of the second quarter, Latin America has 253 projects with 44,319 rooms under construction, reflecting an 11% YOY increase in projects and a 15% inc...
Latin America’s Hotel Construction Pipeline Surges in Q3 2023 With New Projects and Construction Start Initiatives
Lodging Econometrics | November 8, 2023
November 8, 2023 – PORTSMOUTH, NH – In the Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 579 projects/95,144 rooms at the close of Q3 2023. The region’s pipeline project counts are up slightly, at 6% year-over-year (YOY) by projects and 5% YOY by rooms. At the Q3 close, there were 93 new project announcements (NPAs), accounting for 415,416 rooms, marking the largest number of new project and room announcements in Latin America since Q2 2017. Similarly, construction starts are the highest they’ve been since Q3 2019, standing at 54 projects/9,43...
Projects in the Early Planning Stage of Latin America’s Hotel Construction Pipeline Rise at Q2 2023
Lodging Econometrics (LE) | August 10, 2023
August 10, 2023 – PORTSMOUTH, NH – According to the Q2 2023 Latin America Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the region’s total construction pipeline includes 552 projects/88,477 rooms. At the close of the quarter, there are 227 projects/38,675 rooms presently under construction, projects scheduled to start construction in the next 12 months stand at 158 projects/25,091 rooms, and projects currently in early planning stand at 167 projects/24,711 rooms. Projects in the early planning stage experienced the most growth at Q2, increasing 17% by projects and 21% by rooms, year-over-year (YOY). Twe...
The Backend of the Latin America Hotel Construction Pipeline Grows and Renovations & Brand Conversions Tick Upward
Lodging Econometrics (LE) | May 11, 2023
May 11, 2023 – PORTSMOUTH, NH According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for Q1 2023, the hotel construction pipeline in Latin America, quarter-over-quarter, has increased 2% by projects and 3% by rooms. The Latin America hotel construction pipeline, at the close of Q1 2023, stands at 546 projects/90,139 rooms, however, down slightly 3% by projects and 2% by rooms year-over-year (YOY). Of the 546 projects/90,193 rooms, 226 projects/40,034 rooms are under construction throughout Latin America. Projects scheduled to start construction in the next 12 months stand at 160 projects/25,887 rooms, up 8% by p...
Healthy Growth for the Back End of the Latin America Construction Pipeline at Year-End 2022
Lodging Econometrics (LE) | February 3, 2023
February 3, 2023 – PORTSMOUTH, NH In the recently released Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of Q4 2022, the total construction pipeline stands at 536 projects/87,827 rooms. At the end of the fourth quarter, projects currently under construction stand at 222 projects/40,270 rooms. Projects scheduled to start construction in the next 12 months are up 7% by projects and 15% by rooms, year-over-year (YOY), standing at 158 projects/23,753 rooms and those in the early planning stage stand at 156 projects/23,804 rooms, up 16% and 8%, respectively. Mexico has th...
Latin America’s Hotel Construction Pipeline Closes Out 2021 With 563 Projects/101,523 Rooms
Lodging Econometrics | February 7, 2022
PORTSMOUTH, NH – February 7, 2022 – As seen in the Lodging Econometrics (LE) 2021 year-end Construction Pipeline Trend Report for Latin America, the total hotel construction pipeline at the end of the fourth quarter stands at 563 projects/101,523 rooms. The region’s pipeline experienced an 11% decline in projects and a 7% decrease in rooms, year-over-year (YOY) in Q4. At the close of Q4 ‘21, projects under construction stand at 281 projects/58,813 rooms. Projects scheduled to start construction in the next 12 months are at 147 projects/20,732 rooms. Projects in the early planning stage stand at 135 projects/21,978 rooms. New proj...
At the Q1’21 Close, Latin America’s Hotel Construction Pipeline has 604 Projects/104,275 Rooms
Lodging Econometrics (LE) | May 12, 2021
PORTSMOUTH, NH – May 12, 2021 – According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for Q1 2021, the Latin America Hotel Construction Pipeline stands at 604 projects/104,275 rooms, down 14% by projects and 16% by rooms, year-over-year (YOY). These are the lowest project and room counts seen in the region since Q2 2012. Countries in Latin America continue to feel the impact of the coronavirus pandemic, with many countries enduring high outbreak rates and new variants. Government organizations and health associations throughout the region are working to decrease case numbers by increasing vaccine campaign eff...
