The Caribbean/Mexico hotel development pipeline comprises 129 hotels totaling 22,240 rooms, according to the August 2013 STR Construction Pipeline Report. The total active pipeline includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Year-to-date 2013, 13 hotels with 1,784 rooms have opened in the region. During the remainder of 2013, 21 hotels with 4,080 rooms are expected to open. The Luxury segment is projected to open the most rooms for the remainder of the year, with 1,770 rooms in four hotels, followed by the Upscale segment with eight hotels and 1,355 rooms.
During 2014, 52 hotels with 8,891 rooms are planned to open in the region. The majority of rooms is expected to open in the Unaffiliated segment (3,158 rooms in 12 hotels). Three other segments are expected to open more than 1,000 rooms next year: the Luxury segment (eight hotels with 1,869 rooms); the Upper Midscale segment (14 hotels with 1,697 rooms); and the Upscale segment (nine hotels with 1,057 rooms).
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