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by Michael J. Shapiro | May 23, 2012

Nearly 32,000 hotel rooms, divided among 224 properties, are in the development pipeline for Central and South America, according to the April 2012 STR Global Construction Pipeline Report. Panama claims 5,633 rooms in its active pipeline; if they all open, Panama's room supply would increase by a whopping 44 percent. Other nations poised for significant growth include Paraguay, which would increase room inventory by 38.7 percent; Colombia, which would grow by 16.7 percent; Uruguay, which would grow supply by 11.1 percent; and Costa Rica and Nicaragua, each on track to grow by 8.4 percent. In terms of straight number of rooms, Colombia follows Panama, with 3,148 rooms in its active pipeline.