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by Michael J. Shapiro | June 01, 2011

 The total hotel construction pipeline in Latin America grew for a fifth consecutive quarter, according to Lodging Econometrics' Latin America Lodging Real Estate Trends, released last week. The growth was spurred in large part by global brands seeking to expand in the region, particularly in Brazil. New projects and those in the early planning stages make up the bulk of the pipeline throughout Latin America, with Brazil leading the way on the strength of upcoming events such as the 2014 World Cup and 2016 Summer Olympics. Brazil's total pipeline is now at 177 projects, or 29,355 rooms, a level not seen since the first quarter of 2009. That represents the world's fourth largest pipeline room count, according to Lodging Econometrics, behind the U.S., China and India. Although the total region's pipeline grew by 10 percent over last year in terms of room count, development in both the Caribbean and Mexico dropped compared with last year's numbers, by 17 and 9 percent, respectively.