Led by the Upper Midscale and Upscale segments, the Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 22,532 rooms, according to the September 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.
The Upper Midscale segment in the region has 34 hotels comprising 4,008 rooms in the active pipeline, followed by the Upscale segment (30 hotels comprising 4,920 rooms) and the Luxury segment (25 properties comprising 6,936 rooms).
Mexico, which has had 14 hotels comprising 2,007 rooms open during the past 12 months, has 87 hotels (12,666 rooms) in the active pipeline to lead the region. The Dominican Republican is second on the list with 11 hotels (2,455 rooms).
For the Caribbean/Mexico region, there are 17 properties (2,654 rooms) in the pre-planning stage, which means an architect has yet to be selected for the projects.
STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and Hotel News Now. STR also founded the Hotel Data Conference.
Logos, product and company names mentioned are the property of their respective owners.