Industry
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Hotel Pipeline Reaches Peak in South America
Oct 10, 2008
Source: GlobeSt.com
The pipeline for new hotels in South America has peaked, according to a report from Lodging Econometrics (LE). Most of the development is geared toward Brazil, home to 203 of the continent's 341 hotels in the pipeline. Brazil remains a favorite among hotel developers for its broad-based economy, says LE president Patrick Ford. Argentina follows Brazil with 50 hotels; Colombia, Peru, Chile, and Venezuela round out the rest of the pipeline.
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