HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline includes 127 hotels comprising 17,057 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
Among the countries in the region, Mexico ended the month with 10,351 rooms in the total active pipeline, accounting for nearly 65 percent of the region’s total rooms under development. Puerto Rico followed with 1,403 rooms in the total active pipeline.
Among the Chain Scale segments, four of the seven segments accounted for more than 70 percent of the total active pipeline: the Midscale without Food and Beverage segment (24.1 percent and 4,119 rooms); the Upscale segment (17.3 percent and 2,953 rooms); the Luxury segment (16.7 percent and 2,842 rooms); and the Upper Upscale segment (16.2 percent and 2,762 rooms).
Caribbean/Mexico pipeline by Chain Scale segment for February 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
17,908
|
1,351
|
2,842
|
|
Upper Upscale
|
32,941
|
2,662
|
2,762
|
|
Upscale
|
90,291
|
1,227
|
2,953
|
|
Midscale w/ F&B
|
51,223
|
277
|
1,132
|
|
Midscale w/o F&B
|
26,222
|
1,040
|
4,119
|
|
Economy
|
3,067
|
248
|
822
|
|
Unaffiliated
|
264,990
|
1,032
|
2,427
|
|
Total
|
486,642
|
7,837
|
17,057
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
About STR/TWR/Dodge Construction Pipeline Report:
The Pipeline Report is co-produced by Torto Wheaton Research, Dodge Construction, and dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.
About STR
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 North America, 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 and HotelNewsNow.com. For more information, please visit www.str.com.
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