The Caribbean hotel industry experienced noticeable performance decreases in the first four months of 2016 that can in part be linked to the spread of the Zika virus, according to STRs consulting & analytics division.
Nickelodeon Hotels & Resorts Punta Cana commemorated the soft opening this past weekend with a ribbon-cutting ceremony attended by key executives of Viacom International Media Networks and Karisma Hotels & Resorts, as well as government officials and leaders from the Dominican Republic.
Among the countries in the region, Mexico reported the most rooms In Construction with 7,981 rooms in 58 hotels. The Dominican Republic (1,208 rooms in six hotels) was the only other country to report more than 1,000 rooms In Construction.
STRs June 2016 Pipeline Report shows 28,580 rooms in 180 projects Under Contract in the Caribbean/Mexico region. The total represents a 4.5% decrease in rooms Under Contract compared with June 2015 and a 4.6% year-over-year decrease in rooms In Construction.
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