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STR: Caribbean/Mexico hotel pipeline for March 2016

April 18, 2016 Hotel Trends No Comments Print Print Email Email

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
Luxury 49,269 3,766 6,488
Upper Upscale 42,164 1,769 5,666
Upscale 81,422 2,543 6,388
Upper Midscale 54,011 2,147 4,389
Midscale 31,114 959 3,276
Economy 5,121 0 150
Unaffiliated 334,783 2,212 4,359
Total 597,884 13,396 30,716

Source: STR/data current as of 31 March 2016                                                             
Under Contract includes those projects in the In Construction, Final Planning and Planning stages

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