STR’s January 2017 Pipeline Report shows 33,833 rooms in 199 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 4.4% increase in rooms Under Contract compared with January 2016.
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 12,818 rooms in 81 projects In Construction for the month. Based on number of rooms, that is a 9.4% decrease in year-over-year comparisons.
Among the region’s key markets, Central Mexico (4,741 rooms in 36 projects) reported the largest number of rooms In Construction.
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