The Caribbean/Mexico hotel development pipeline comprises 163 hotels totaling 27,690 rooms, according to the June 2014 STR Construction Pipeline Report.
This represents a 19.2-percent increase in rooms under contract, compared with June 2013, and a 22.5-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, Mexico reported the most rooms under construction with 8,069 rooms. Four other countries reported more than 300 rooms under construction: the Bahamas (2,706 rooms); the Dominican Republic (817 rooms); Puerto Rico (471 rooms); and St. Kitts/Nevis (245 rooms).
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.