HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 133 hotels totaling 17,018 rooms, according to the April 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
Mexico reported the most rooms in the total active pipeline (10,852 rooms) and in the In Construction phase (5,336) among the countries of the region. The Dominican Republic (1,874 rooms) and Puerto Rico (1,445 rooms) also reported a significant number of rooms in the total active pipeline.
Two of the seven Chain Scale segments, accounted for more than 50 percent of the total active pipeline combined. The Midscale without Food and Beverage segment made up 28.0 percent with 4,763 rooms and the Upscale segment accounted for 24.1 percent with 4,099 rooms. The Midscale with Food and Beverage segment (5.9 percent and 1,001 rooms) and the Economy segment (4.1 percent and 696 rooms) made up the smallest portions of the total active pipeline.
Caribbean/Mexico pipeline by Chain Scale segment for April 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
18,158
|
1,285
|
1,895
|
|
Upper Upscale
|
33,444
|
2,312
|
2,687
|
|
Upscale
|
89,122
|
1,687
|
4,099
|
|
Midscale w/ F&B
|
50,579
|
326
|
1,001
|
|
Midscale w/o F&B
|
26,222
|
1,504
|
4,763
|
|
Economy
|
3,454
|
456
|
696
|
|
Unaffiliated
|
269,088
|
1,525
|
1,877
|
|
Total
|
490,067
|
9,095
|
17,018
|
* 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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