Construction Pipeline Caribbean And Mexico

Caribbean And Mexican Hotel Rooms Under Construction For July 2016 Down 3.1 Percent over 2015

Among the region’s key markets, Central Mexico (4,151 rooms in 32 hotels) reported the largest number of rooms In Construction, followed by the Dominican Republic (1,512 rooms in six hotels) and Yucatán Peninsula, Mexico (1,497 rooms in eight hotels).

STR’s July 2016 Pipeline Report shows 28,417 rooms in 174 projects Under Contract in the Caribbean/Mexico region. The total represents a 2.4% decrease in rooms Under Contract compared with June 2015.

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 12,960 rooms in 80 projects In Construction for the month, a 3.1% decrease in year-over-year comparisons. 

Among the region’s key markets, Central Mexico (4,151 rooms in 32 hotels) reported the largest number of rooms In Construction, followed by the Dominican Republic (1,512 rooms in six hotels) and Yucatán Peninsula, Mexico (1,497 rooms in eight hotels).

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STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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