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STR reports Caribbean/Mexico hotel pipeline for June

July 16, 2014 Statistics & Trends No Comments Email Email

The Caribbean/Mexico hotel development pipeline comprises 163 hotels totaling 27,690 rooms, according to the June 2014 STR Construction Pipeline Report.

This represents a 19.2-percent increase in rooms under contract, compared with June 2013, and a 22.5-percent increase in rooms under construction. The total rooms under contract include rooms in the In Construction, Final Planning and Planning stages but do not include rooms in the Unconfirmed stage.

Among the countries in the region, Mexico reported the most rooms under construction with 8,069 rooms. Four other countries reported more than 300 rooms under construction: the Bahamas (2,706 rooms); the Dominican Republic (817 rooms); Puerto Rico (471 rooms); and St. Kitts/Nevis (245 rooms).

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