STR: Caribbean/Mexico hotel construction up 26.9%
STR: Caribbean/Mexico hotel construction up 26.9%
14 FEBRUARY 2020 8:54 AM

In January, the Caribbean/Mexico region reported 31,787 hotel rooms in construction, which is a 26.9% year-over-year increase.

HENDERSONVILLE, Tennessee—STR’s hotel pipeline data for the Caribbean/Mexico region showed 152 projects accounting for 31,787 rooms in construction as of the end of January 2020. This represented a 26.9% year-over-year jump in the number of rooms in the final phase of the development pipeline.

A majority of the region’s rooms in construction are in the upper-tier segments. Of the three, upscale projects represented the largest percentage increase (+70.1%) in activity year over year.

1. Upscale: 7,048 rooms
2. Luxury: 6,958 rooms
3. Upper Upscale: 6,606 rooms

Four countries in the region reported more than 1,000 rooms under construction. Mexico led with 16,699 rooms, which represented 4.0% of the country’s existing supply, followed by the Dominican Republic (6,356 rooms, 8.4% of existing supply).

1. Mexico: 16,699 rooms (4.0%)
2. Dominican Republic: 6,356 rooms (8.4%)
3. Cuba: 1,616 rooms (2.5%)
4. Jamaica: 1,425 rooms (5.6%)

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit and

North America Media Contact:

Haley Luther
Communications Coordinator
+1 (615) 824-8664 ext. 3500

General media inbox:

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.