Caribbean/Mexico Hotel Development Pipeline Under Contract Jumps to 41,116 Rooms for August 2017
STR’s August 2017 Pipeline Report shows 41,116 rooms in 234 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 47.1% increase in rooms Under Contract compared with August 2016.
Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
The Caribbean/Mexico region reported 16,297 rooms in 92 projects In Construction for the month. Based on number of rooms, that is a 24.4% increase in year-over-year comparisons.
Three countries in the region reported more than 1,000 rooms In Construction:
- Mexico (11,056 rooms in 67 projects)
- Cuba (1,374 rooms in three projects)
- Dominican Republic (1,212 rooms in five projects)
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