Tennessee—There are 172 hotels totaling 29,938 rooms Under Contract in the Caribbean/Mexico region, according to the June 2015 STR Construction Pipeline Report. This represents an 8.1-percent increase in rooms Under Contract compared with June 2014 and a 1.9-percent year-over-year decrease 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 12,561 rooms in 69 hotels under construction for the month.
Among the countries in the region, Mexico reported the most rooms under construction with 8,321 rooms in 55 hotels.