Construction Pipeline Caribbean And Mexico

Caribbean And Mexican Hotel Rooms Under Contract For January 2016 Up 12.9 Percent over 2015

- Among the region’s key markets, Central Mexico (4,069 rooms in 30 hotels) reported the largest number of rooms under construction, followed by Yucatán Peninsula, Mexico (1,611 rooms in six hotels) and Northwest Mexico (1,189 rooms in 10 hotels).

There are 188 hotels totaling 32,400 rooms Under Contract in the Caribbean/Mexico region, according to the January 2016 STR Pipeline Report. This represents a 12.9% increase in rooms Under Contract compared with January 2015 and a 32.9% year-over-year increase in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The region reported 14,148 rooms in 77 hotels under construction for the month.

Among the region’s key markets, Central Mexico (4,069 rooms in 30 hotels) reported the largest number of rooms under construction, followed by Yucatán Peninsula, Mexico (1,611 rooms in six hotels) and Northwest Mexico (1,189 rooms in 10 hotels).

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STR, Inc. 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, STR Analytics and Hotel News Now. STR also founded the Hotel Data Conference. For more information, please visit www.str.com.

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