Caribbean And Mexican Hotel Rooms Under Contract For August 2016 Down 1.7 Percent over 2015
STR’s August 2016 Pipeline Report shows 27,951 rooms in 172 projects Under Contract in the Caribbean/Mexico region. The total represents a 1.7% decrease in rooms Under Contract compared with August 2015.
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 13,098 rooms in 82 projects In Construction for the month, which is a 0.9% increase in year-over-year comparisons.
Among the countries in the region, Mexico reported the most rooms In Construction with 8,306 rooms in 60 hotels. The Dominican Republic (1,512 rooms in six hotels) was the only other country to report more than 1,000 rooms In Construction.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
Logos, product and company names mentioned are the property of their respective owners.