Caribbean And Mexican Hotel Rooms Under Construction For September 2016 Up 18.7 Percent over 2015

STR’s September 2016 Pipeline Report shows 32,678 rooms in 193 projects Under Contract in the Caribbean/Mexico region. The total represents an 18.5% increase in rooms Under Contract compared with September 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 13,962 rooms in 90 projects In Construction for the month, which is an 18.7% increase in year-over-year comparisons. 

Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (23.5% with 7,678 rooms).

The Luxury segment accounted for the largest percentage of rooms In Construction (24.2% with 3,374 rooms).

Caribbean/Mexico pipeline by Chain Scale (number of rooms):

Chain Scale Existing Supply In Construction Under Contract
Luxury 51,193 3,374 5,359
Upper Upscale 48,811 1,941 6,068
Upscale 79,208 2,694 7,678
Upper Midscale 59,371 2,538 4,385
Midscale 31,089 1,044 2,699
Economy 5,679 529 529
Unaffiliated 330,460 1,842 5,960
Total 605,811 13,962 32,678

Source: STR / report as of September 2016, activity reported through August 2016

Under Contract data includes those projects in the In Construction, Final Planning and Planning stages

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