HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline includes 131 hotels comprising 18,291 rooms, according to the November 2009 STR Construction Pipeline Report released this week.
Among the countries in the region, Mexico reported the largest number of rooms in the total active pipeline with 11,105 rooms. Two other countries ended the month with more than 1,000 rooms in the total active pipeline: the Bahamas (1,448 rooms) and Puerto Rico (1,130 rooms).
Among the Chain Scale segments, four segments accounted for more than 70 percent of rooms in the total active pipeline. The Midscale without Food and Beverage segment made up the largest portion of the total active pipeline with 23.2 percent and 4,245 rooms, followed by the Upper Upscale segment (17.6 percent and 3,221 rooms), the Luxury segment (15.5 percent and 2,835 rooms), and the Upscale segment (15.4 percent and 2,816 rooms).
Caribbean/Mexico pipeline by Chain Scale segment for November 2009 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
17,833
|
1,643
|
2,835
|
|
Upper Upscale
|
33,529
|
3,071
|
3,221
|
|
Upscale
|
86,265
|
1,435
|
2,816
|
|
Midscale w/ F&B
|
57,096
|
1,000
|
1,925
|
|
Midscale w/o F&B
|
24,792
|
1,016
|
4,245
|
|
Economy
|
3,169
|
189
|
885
|
|
Unaffiliated
|
255,821
|
1,067
|
2,364
|
|
Total
|
478,505
|
9,421
|
18,291
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
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.
Media contacts:
Jeff Higley
Director of Communications/Editorial Director, Digital Media
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann
Communications Coordinator
spann@str.com
+1 (615) 824-8664 ext. 3305
