STR’s November 2016 Pipeline Report shows 31,782 rooms in 191 projects Under Contract in the Caribbean/Mexico region. The total represents a 13.6% increase in rooms Under Contract compared with November 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 13,081 rooms in 87 projects In Construction for the month. Based on number of rooms, that is a 9.1% increase in year-over-year comparisons.
Among the countries in the region, Mexico reported the most rooms In Construction with 9,314 rooms in 67 hotels. Four additional countries each reported more than 500 rooms In Construction: Barbados (636 rooms in two hotels), Jamaica (573 rooms in two hotels), St. Lucia (529 rooms in three hotels) and Cuba (516 rooms in one hotel).
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