There are 173 hotels totaling 30,128 rooms Under Contract in the Caribbean/Mexico region, according to the May 2015 STR Construction Pipeline Report. This represents a 5.2-percent increase in rooms Under Contract compared with May 2014 and a 6.2-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 12,252 rooms in 66 hotels under construction for the month.
Among the region’s key markets, Central Mexico (2,841 rooms) reported the largest number of rooms under construction, followed by Yucatán Peninsula, Mexico (2,262 rooms).