HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline includes 130 hotels comprising 18,088 rooms, according to the January 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
Among the countries in the region, Mexico ended the month with 10,204 rooms in the total active pipeline, which accounts for more than half of the region’s total active pipeline. With 4,305 rooms, Mexico also reported the most number of rooms in the In Construction phase of the pipeline.
Among the Chain Scale segments, the Upper Upscale segment made up the largest percentage of rooms in the In Construction phase with 39.2 percent and 3,372 rooms. The Luxury segment followed with 17.7 percent of the rooms in the In Construction phase and 1,525 rooms, followed by the Upscale segment, which accounted for 14.3 percent of rooms in the In Construction phase and 1,227 rooms.
Caribbean/Mexico pipeline by Chain Scale segment for January 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
17,866
|
1,525
|
3,285
|
|
Upper Upscale
|
32,722
|
3,372
|
3,372
|
|
Upscale
|
90,292
|
1,227
|
2,853
|
|
Midscale w/ F&B
|
51,242
|
208
|
1,063
|
|
Midscale w/o F&B
|
26,222
|
1,040
|
4,199
|
|
Economy
|
3,067
|
189
|
885
|
|
Unaffiliated
|
262,727
|
1,032
|
2,431
|
|
Total
|
484,138
|
8,593
|
18,088
|
* 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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