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Caribbean/Mexico pipeline for September

October 19, 2013 Statistics & Trends No Comments Email Email

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.

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