Caribbean And Mexico Hotel Development Pipeline For December 2013 Rises to 152 Hotels
The Caribbean/Mexico hotel development pipeline comprises 152 hotels totaling 24,487 rooms, according to the December 2013 STR Construction Pipeline Report. 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.
In 2013, 18 hotels with 3,617 rooms opened in the region.
During 2014, 48 hotels with 7,974 rooms are planned to open in the region. The majority of rooms are expected to open in the Unaffiliated segment (2,437 rooms in nine hotels).
Three other segments are expected to open more than 1,000 rooms in 2014: the Luxury segment (1,755 rooms in seven hotels); the Upper Midscale segment (1,640 rooms in 15 hotels); and the Upscale segment (1,331 rooms in 11 hotels).
STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and Hotel News Now. STR also founded the Hotel Data Conference.
Logos, product and company names mentioned are the property of their respective owners.