The Caribbean/Mexico hotel development pipeline comprises 162 hotels totaling 26,647 rooms, according to the March 2014 STR Construction Pipeline Report. This represents a 21.5-percent increase in rooms under contract, compared with March 2013, and an 11.7-percent increase in rooms under construction.
The total rooms under contract include rooms in the In Construction, Final Planning and Planning stages but do not include rooms in the Unconfirmed stage.
Among the countries in the region, Haiti reported the largest expected supply growth (+49.2 percent) if all 525 rooms under contract open. Five other countries reported more than 10 percent expected room growth: Bahamas (+21.6 percent with 2,990 rooms); Turks and Caicos (+18.4 percent with 545 rooms); St. Kitts/Nevis (+15.5 percent with 245 rooms); Dominica (+14 percent with 90 rooms); and Anguilla (+11.4 percent with 80 rooms).
Please note: STR recently revised the pipeline definitions. What was formerly referred to as the Total Active Pipeline is now referred to as Under Contract. The Pre-Planning phase also has been renamed to the Unconfirmed phase.
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