STR Global Reports Caribbean and Mexico Hotel Pipeline for October 2009

2009-11-23

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STR Global The Caribbean/Mexico hotel development pipeline includes 129 hotels comprising 18,715 rooms, according to the October 2009 STR Construction Pipeline Report released this week.

Among the countries in the region, Mexico reported the largest number of rooms in the total active pipeline with 10,615 rooms. Two other countries ended the month with more than 1,000 rooms in the total active pipeline: Puerto Rico (1,633 rooms) and the Bahamas (1,448 rooms).

Among the Chain Scale segments, the Upper Upscale segment made up the largest portion of the total active pipeline with 23.1 percent and 4,318 rooms, followed by the Midscale without Food and Beverage segment, which made up 19.7 percent of the total active pipeline with 3,692 rooms. The Economy segment accounted for the smallest portion of the total active pipeline with 6.0 percent and 1,125 rooms.

Caribbean and Mexico pipeline by Chain-Scale segment for October 2009 (number of rooms):

* 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.