HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 17,290 rooms, according to the March 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
Among the countries in the region, Mexico ended the month with the most rooms in the total active pipeline with 10,562 rooms. The country also reported the largest number of rooms in the In Construction phase (4,877 rooms). Two other countries reported more than 1,000 rooms in the total active pipeline: Dominican Republic (1,874 rooms) and Puerto Rico (1,409 rooms). The Dominican Republic ended the month with 1,437 rooms in the In Construction phase and Puerto Rico ended with 945 rooms.
Among the Chain Scale segment, the Midscale without Food and Beverage segment accounted for the largest portion of the total active pipeline (27.8 percent with 4,813 rooms). The Upscale segment (17.3 percent with 2,983 rooms) and the Upper Upscale segment (16.0 percent with 2,762 rooms) also accounted for significant portions of the total active pipeline. The Economy segment (4.0 percent with 696 rooms) and the Midscale with Food and Beverage segment (5.4 percent with 937 rooms) made up the smallest portions of the region’s total active pipeline.
Caribbean/Mexico pipeline by Chain Scale segment for March 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
18,065
|
1,805
|
2,438
|
|
Upper Upscale
|
32,941
|
2,662
|
2,762
|
|
Upscale
|
89,523
|
1,227
|
2,983
|
|
Midscale w/ F&B
|
51,110
|
277
|
937
|
|
Midscale w/o F&B
|
26,222
|
1,604
|
4,813
|
|
Economy
|
3,067
|
122
|
696
|
|
Unaffiliated
|
265,909
|
1,779
|
2,661
|
|
Total
|
486,837
|
8,756
|
17,290
|
* 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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