Construction Pipeline Caribbean And Mexico

Caribbean And Mexico Hotel Development Pipeline For April 2014 at 160 Hotels

This represents a 21.7-percent increase in rooms under contract, compared with April 2013, and a 14.8-percent increase in rooms under construction

STR Global The Caribbean/Mexico hotel development pipeline comprises 160 hotels totaling 26,795 rooms, according to the April 2014 STR Construction Pipeline Report. This represents a 21.7-percent increase in rooms under contract, compared with April 2013, and a 14.8-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.

In the remainder of 2014, 43 hotels are planned to open with 7,441 rooms. The Unaffiliated segment plans to open the most rooms (6 hotels with 2,214 rooms), followed by the Luxury segment (8 hotels with 1,871 rooms) and the Upper Midscale segment (15 hotels with 1,725 rooms).

In 2015, 53 hotels are planned to open in the region with 10,218 rooms. The most rooms planned to open are in the Luxury segment (8 hotels with 2,804 rooms), followed by the Upscale segment (16 hotels with 2,103 rooms) and the Upper Upscale segment (5 hotels with 1,931 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. 

About STR

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.





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