MEXICO - According to Lodging Econometrics’ Construction Trend Report for Q1 2021, the Latin America Hotel Construction stands at 604 projects/104,275 rooms, down 14% by projects and 16% by rooms, compared to same period last year.

These are the lowest project and room data 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 efforts and dose deliveries, toward higher vaccinations rates and the goal of herd immunity.

The top five countries for hotel construction in Latin America are Mexico, with 215 projects/37,786 rooms. Brazil follows with 114 projects/17,449 rooms, a record low for this country in project and room numbers. Next is Peru with 38 projects/4,978 rooms, then the Dominican Republic with 24 projects/4,972 rooms, and Cuba stands at 19 projects/6,703 rooms.

Hotel franchise companies with the largest construction pipelines in Latin America are Marriott International with 103 projects/16,245 rooms, Hilton Worldwide at a record high 98 projects/14,090 rooms, AccorHotels with 96 projects/12,666 rooms, and InterContinental Hotels Group (IHG) with 58 projects/6,792 rooms.