STR: Caribbean/Mexico pipeline for February
14 MARCH 2014 8:13 AM
The Caribbean/Mexico hotel development pipeline comprises 152 hotels totaling 25,850 rooms, according to the February STR Construction Pipeline Report.
HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 152 hotels totaling 25,850 rooms, according to the February 2014 STR Construction Pipeline Report. This represents a 26.4-percent increase in rooms in the active pipeline, compared with February 2013, and a 12.2-percent increase in rooms under construction. The total active pipeline includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Among the countries in the region, Mexico reported the largest number of rooms under construction with 5,395 rooms. Four other countries reported more than 300 rooms under construction: Bahamas (2,706 rooms); Dominican Republic (1,747 rooms); Puerto Rico (449 rooms); and Jamaica (368 rooms).
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