There are 188 hotels totaling 32,400 rooms Under Contract in the Caribbean/Mexico region, according to the January 2016 STR Pipeline Report. This represents a 12.9% increase in rooms Under Contract compared with January 2015 and a 32.9% year-over-year increase in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
The region reported 14,148 rooms in 77 hotels under construction for the month.
Among the region’s key markets, Central Mexico (4,069 rooms in 30 hotels) reported the largest number of rooms under construction, followed by Yucatán Peninsula, Mexico (1,611 rooms in six hotels) and Northwest Mexico (1,189 rooms in 10 hotels).
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