According to the Q4 2025 Latin America Construction Pipeline Trend Report from Lodging Econometrics, the region’s total construction pipeline reached 774 hotels and 117,260 rooms, marking increases of 13 percent by projects and 7 percent by rooms year over year.
At Q4, projects under construction stand at 309 hotels and 51,676 rooms, up 14 percent by projects and 7 percent by rooms year over year. Projects scheduled to start construction anytime in the next 12 months reached 207 hotels and 30,487 rooms, showing increases of 16 percent by projects and 5 percent by rooms year over year. Projects in early planning stand at 258 hotels and 35,097 rooms, up 9 percent by projects and 7 percent by rooms year over year. During Q4, 40 hotels/5,746 rooms started construction, up 25 percent by projects year over year.
Luxury projects stand at 140 hotels and 25,812 rooms, up 4 percent by projects year over year, while upscale projects are at 139 hotels and 20,429 rooms, up 3 percent by rooms year over year. The midscale segment demonstrated substantial growth with 144 hotels and 17,155 rooms, up 21 percent by projects and 25 percent by rooms year over year. Additionally, the upper upscale chain scale reached record-high numbers in Q4, with 134 hotels and 22,628 rooms.
Top Markets
Mexico leads the countries in Latin America’s hotel construction pipeline with 257 hotels and 38,669 rooms, up 4 percent by projects and 1 percent by rooms year over year. Brazil follows with 133 hotels and 17,719 rooms, showing strong increases of 25 percent by projects and 20 percent by rooms year over year. The Dominican Republic stands at 84 hotels and 18,061 rooms, up 27 percent by projects and 7 percent by rooms year over year. These top three countries account for 61 percent of the projects and 63 percent of the rooms in the region’s total pipeline.
Cities with the largest pipelines include Mexico City, Mexico, which reached a record-high 30 hotels and 3,367 rooms, up 25 percent by projects and 15 percent by rooms year over year. Lima, Peru follows with 16 hotels and 2,206 rooms, up 14 percent by projects and 1 percent by rooms year over year, and Georgetown, Guyana, with 16 hotels and 2,142 rooms, up 33 percent by projects and 29 percent by rooms year over year.
Through the end of 2025, 71 new hotels with 12,160 rooms opened in Latin America. Looking ahead, LE analysts forecast 125 new hotels with 20,467 rooms to open in 2026, followed by 136 new hotels/17,783 rooms to open in 2027.