STR’s March 2016 Pipeline Report shows 30,716 rooms in 182 hotels Under Contract in the Caribbean/Mexico region. The total represents a 5.1% increase in rooms Under Contract compared with March 2015 and a 32.0% 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 13,396 rooms in 78 projects In Construction for the month.
Among Chain Scale segments, the Luxury segment accounted for the largest portion of rooms Under Contract (21.1% with 6,488 rooms) and In Construction (28.1% with 3,766 rooms).
The Upscale segment was the only other segment to account for 20.0% or more rooms Under Contract (20.8% with 6,388 rooms).
Caribbean/Mexico pipeline by Chain Scale for March 2016 (number of rooms)
|Chain Scale||Existing Supply||In Construction||Under Contract|
Source: STR/data current as of 31 March 2016
Under Contract includes those projects in the In Construction, Final Planning and Planning stages