HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline includes 127 hotels comprising 17,528 rooms, according to the December 2009 STR Construction Pipeline Report released this week.
Among the countries in the region, Mexico reported the most rooms in the total active pipeline with 10,324. The country also ended the month with the most rooms in the In Construction phase with 4,200. The Bahamas reported 1,698 rooms in the total active pipeline and 895 rooms in the In Construction phase, followed by Puerto Rico with 1,130 rooms in the total active pipeline and 666 rooms in the In Construction phase.
Among the Chain Scale segments, the Midscale without Food and Beverage segment accounted for the largest portion of the total active pipeline with 4,165 rooms and 23.8 percent of rooms in the total active pipeline. The Upper Upscale segment (3,221 rooms and 18.4 percent) and the Luxury segment (3.188 rooms and 18.2 percent) also made up large portions of the total active pipeline.
Caribbean/Mexico pipeline by Chain Scale segment for December 2009 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
17,873
|
1,531
|
3,188
|
|
Upper Upscale
|
33,498
|
3,071
|
3,221
|
|
Upscale
|
86,956
|
1,060
|
2,441
|
|
Midscale w/ F&B
|
57,403
|
374
|
1,299
|
|
Midscale w/o F&B
|
24,016
|
936
|
4,165
|
|
Economy
|
3,169
|
189
|
885
|
|
Unaffiliated
|
256,017
|
1,032
|
2,329
|
|
Total
|
478,932
|
8,193
|
17,528
|
* 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.
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