There are 163 hotels totaling 27,583 rooms Under Contract in the Caribbean/Mexico region, according to the September 2015 STR Construction Pipeline Report. This represents a 6.7% decrease in rooms Under Contract compared with September 2014 and a 17.0% 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 11,766 rooms in 64 hotels under construction for the month.
Among the countries in the region, Mexico reported the most rooms under construction with 8,645 rooms in 51 hotels.