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STR reports Caribbean/Mexico hotel pipeline for February

March 22, 2014 Statistics & Trends No Comments Email Email

The Caribbean/Mexico hotel development pipeline comprises 152 hotels totaling 25,850 rooms, according to the February 2014 STR Construction Pipeline Report.

This represents a 26.4-percent increase in rooms in the active pipeline, compared with February 2013, and a 12.2-percent increase in rooms under construction. 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.

Among the countries in the region, Mexico reported the largest number of rooms under construction with 5,395 rooms. Four other countries reported more than 300 rooms under construction: Bahamas (2,706 rooms); Dominican Republic (1,747 rooms); Puerto Rico (449 rooms); and Jamaica (368 rooms).

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