STR Global Reports Caribbean/Mexico Hotel Pipeline for June 2010

2010-07-19

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STR Global The Caribbean/Mexico hotel development pipeline comprises 133 hotels totaling 17,250 rooms, according to the June 2010 STR/TWR/Dodge Construction Pipeline Report released this week.

Among the countries of the region, Mexico reported the largest number of rooms in the total active pipeline (10,830). The country also reported 5,059 rooms in the In Construction phase, which is more than 45 percent of rooms in the country’s total active pipeline. Two other countries reported more than 1,000 rooms in the total active pipeline: Dominican Republic (1,874 rooms) and Puerto Rico (1,445 rooms). The Dominican Republic reported more than 75 percent of rooms in the total active pipeline in the In Construction phase (1,437 rooms).

Among the Chain Scale segments, the Midscale without Food and Beverage segment accounted for the largest portion of rooms in the total active pipeline (28.5 percent with 4,915 rooms), followed by the Upscale segment, which made up 21.1 percent with 3,645 rooms. The Midscale with Food and Beverage segment (6.7 percent with 1,157) and the Economy segment (4.0 percent with 696 rooms) accounted for the smallest portions of rooms in the total active pipeline.

**Caribbean/Mexico pipeline by Chain Scale segment for June 2010 (number of rooms):**
Chain Scale	Existing Supply	In Construction	Total Active Pipeline*
Luxury	21,359	1,482	2,342
Upper Upscale	32,452	2,211	2,586
Upscale	85,313	1,107	3,645
Midscale w/ F&B	51,070	487	1,157
Midscale w/o F&B	26,542	1,496	4,915
Economy	3,580	456	696
Unaffiliated	273,701	1,657	1,909
Total	494,017	8,896	17,250

* Includes those projects in the In Construction, Final Planning and Planning phases.

About STR & STR Global

For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.