HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 133 hotels totaling 17,250 rooms, according to the June 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
Among the countries of the region, Mexico reported the largest number of rooms in the total active pipeline (10,830). The country also reported 5,059 rooms in the In Construction phase, which is more than 45 percent of rooms in the country’s total active pipeline. Two other countries reported more than 1,000 rooms in the total active pipeline: Dominican Republic (1,874 rooms) and Puerto Rico (1,445 rooms). The Dominican Republic reported more than 75 percent of rooms in the total active pipeline in the In Construction phase (1,437 rooms).
Among the Chain Scale segments, the Midscale without Food and Beverage segment accounted for the largest portion of rooms in the total active pipeline (28.5 percent with 4,915 rooms), followed by the Upscale segment, which made up 21.1 percent with 3,645 rooms. The Midscale with Food and Beverage segment (6.7 percent with 1,157) and the Economy segment (4.0 percent with 696 rooms) accounted for the smallest portions of rooms in the total active pipeline.
Caribbean/Mexico pipeline by Chain Scale segment for June 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
21,359
|
1,482
|
2,342
|
|
Upper Upscale
|
32,452
|
2,211
|
2,586
|
|
Upscale
|
85,313
|
1,107
|
3,645
|
|
Midscale w/ F&B
|
51,070
|
487
|
1,157
|
|
Midscale w/o F&B
|
26,542
|
1,496
|
4,915
|
|
Economy
|
3,580
|
456
|
696
|
|
Unaffiliated
|
273,701
|
1,657
|
1,909
|
|
Total
|
494,017
|
8,896
|
17,250
|
* 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 the 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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