At Q4, projects under construction stand at 309 projects/51,676 rooms, up 14% by projects and 7% by rooms YOY. Projects scheduled to start construction anytime in the next 12 months reached 207 projects/30,487 rooms, showing increases of 16% by projects and 5% by rooms YOY. Projects in early planning stand at 258 projects/35,097 rooms, up 9% by projects and 7% by rooms YOY. During Q4, 40 hotels/5,746 rooms started construction, up 25% by projects YOY.
Luxury projects stand at 140 projects/25,812 rooms, up 4% by projects YOY, while upscale projects are at 139 projects/20,429 rooms, up 3% by rooms YOY. The midscale segment demonstrated substantial growth with 144 projects/17,155 rooms, up 21% by projects and 25% by rooms YOY. Additionally, the upper upscale chain scale reached record-high numbers in Q4, with 134 projects/22,628 rooms.
Mexico leads the countries in Latin America’s hotel construction pipeline with 257 projects/38,669 rooms, up 4% by projects and 1% by rooms YOY. Brazil follows with 133 projects/17,719 rooms, showing strong increases of 25% by projects and 20% by rooms YOY. The Dominican Republic stands at 84 projects/18,061 rooms, up 27% by projects and 7% by rooms YOY. These top three countries account for 61% of the projects and 63% of the rooms in the region’s total pipeline.
Cities with the largest pipelines include Mexico City, which reached a record-high 30 projects/3,367 rooms, up 25% by projects and 15% by rooms YOY. Lima follows with 16 projects/2,206 rooms, up 14% by projects and 1% by rooms YOY, and Georgetown, Guyana with 16 projects/2,142 rooms, up 33% by projects and 29% by rooms YOY.
Through the end of 2025, 71 new hotels with 12,160 rooms opened in Latin America. Looking ahead, LE analysts forecast 125 new hotels/20,467 rooms to open in 2026, followed by 136 new hotels/17,783 rooms to open in 2027.
