There are 163 hotels totaling 28,431 rooms Under Contract in the Caribbean/Mexico region, according to the August 2015 STR Construction Pipeline Report. This represents a 2.9% increase in rooms Under Contract compared with August 2014 and a 1.9% 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 67 hotels totaling 12,987 rooms under construction for the month.
Among the region’s key markets, Central Mexico (3,408 rooms) reported the largest number of rooms under construction, followed by Yucatán Peninsula, Mexico (2,701 rooms).