Mexico Leads Latin American Hotel Construction in Q3

The third quarter pipeline for hotel construction in Latin America totaled 671 projects and 116,731 rooms, dropping 7% and 11% respectively, compared to the same period in 2019. Projects in the early planning had the sharpest declines by 23% with 40% less rooms compared to third quarter 2019.  Mexico led the region in construction with 221 projects and 39,886 rooms. See Lodging Econometrics