HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 16,870 rooms, according to the August 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
Among the key countries in the region, Mexico reported the largest number of rooms in the total active pipeline (10,545 rooms) and in the In Construction phase (4,737 rooms). The Dominican Republic (1,674 rooms) and Puerto Rico (1,210 rooms) also reported more than 1,000 rooms in the total active pipeline.
Among the Chain Scale segments, the Midscale without Food and Beverage segment accounted for the largest portion of the total active pipeline with 5,337 rooms, followed by the Upscale segment, which made up 21.0 percent with 3,545 rooms. The economy segment accounted for the smallest portion of the total active pipeline with 3.3 percent and 552 rooms.
Caribbean/Mexico pipeline by Chain Scale segment for August 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
21,210
|
1,482
|
2,071
|
|
Upper Upscale
|
32,427
|
1,716
|
2,091
|
|
Upscale
|
87,527
|
1,399
|
3,545
|
|
Midscale w/ F&B
|
49,372
|
487
|
1,264
|
|
Midscale w/o F&B
|
26,642
|
1,256
|
5,337
|
|
Economy
|
3,739
|
312
|
552
|
|
Unaffiliated
|
277,698
|
1,758
|
2,010
|
|
Total
|
498,615
|
8,410
|
16,870
|
* 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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