Development

STR Reports Caribbean and Mexico Pipeline for November 2009

The Caribbean/Mexico hotel development pipeline includes 131 hotels comprising 18,291 rooms, according to the November 2009 STR Construction Pipeline Report released this week.

STR Global Among the countries in the region, Mexico reported the largest number of rooms in the total active pipeline with 11,105 rooms. Two other countries ended the month with more than 1,000 rooms in the total active pipeline: the Bahamas (1,448 rooms) and Puerto Rico (1,130 rooms).

Among the Chain Scale segments, four segments accounted for more than 70 percent of rooms in the total active pipeline. The Midscale without Food and Beverage segment made up the largest portion of the total active pipeline with 23.2 percent and 4,245 rooms, followed by the Upper Upscale segment (17.6 percent and 3,221 rooms), the Luxury segment (15.5 percent and 2,835 rooms), and the Upscale segment (15.4 percent and 2,816 rooms).

Caribbean/Mexico pipeline by Chain Scale segment for November 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.



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