STR’s February 2016 Pipeline Report shows 31,866 rooms in 185 hotels Under Contract in the Caribbean/Mexico region. The total represents a 10.2% increase in rooms Under Contract compared with February 2015 and a 42.2% year-over-year increase in rooms In Construction.
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 14,393 rooms in 80 hotels under In Construction for the month.
Among the countries in the region, Mexico reported the most rooms In Construction with 8,343 rooms in 58 hotels.