RLB teams with Whitebridge Hospitality and STR to publish the Latin Americas & Caribbean Hotels Monitor Report
May 25, 2018.
For seven years, Rider Levett Bucknall (RLB) has collaborated with Whitebridge Hospitality, a specialist advisor to investors and developers, and STR, who provide clients with industry research, to create the Latin America & Caribbean Hotels Monitor, a regional summary complete with performance trends, construction costs, and a transaction tracker.
Latin America & Caribbean experience mixed RevPAR results
With 12 of the 32 Caribbean islands directly impacted by this year’s hurricane season, islands are seeing an impact in sector activity. The Caribbean experiences an influx in demand for housing and infrastructure project, where Brazil sees its highest volume of hospitality projects, with over 28,000 rooms in the pipeline. South America is facing its 7th consecutive growth in RevPAR, in the last 12 months by +0.7%, while Central America experienced a drop in RevPAR (-1.4) with a close to nil occupancy growth (+0.2%) mitigating a -1.4% ADR decline.
2017, the most – costly hurricane season yet
Construction costs are among many components affected by the slew of natural disasters to hit the region, with costs highest in the areas most devastated. The Latin America & Caribbean Hotels Monitor’s Transaction Tracker indicates that transactions are up and, despite increased construction costs, that the number of new projects in the pipeline has not faltered.
With a network that covers the globe and a heritage spanning over two centuries, Rider Levett Bucknall is a leading independent organisation in cost management and quantity surveying, project management and advisory services.
Our achievements are renowned: from the early days of pioneering quantity surveying, to landmark projects such as the Sydney Opera House, HSBC Headquarters Building in Hong Kong, the 2012 London Olympic Games and CityCenter in Las Vegas.
We continue this successful legacy with our dedication to the value, quality and sustainability of the built environment. Our innovative thinking, global reach, and flawless execution push the boundaries. Taking ambitious projects from an idea to reality.