HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 138 hotels totaling 18,255 rooms, according to the September 2010 STR/TWR/Dodge Construction Pipeline Report released this week.
Among the countries in the region, Mexico reported the largest number of rooms in the total active pipeline with 11,121 rooms, including 5,222 rooms in the In Construction phase. Two other counties ended the month with more than 1,000 rooms in the total active pipeline: the Dominican Republic (1,963 rooms) and Puerto Rico (1,210 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 with 28.6 percent and 5,222 rooms. Two other segments each accounted for more than 15 percent of rooms in the total active pipeline: the Upscale segment (20.5 percent with 3,745 rooms) and the Unaffiliated segment (15.2 percent with 2,769 rooms).
Caribbean/Mexico pipeline by Chain Scale segment for September 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
21,216
|
1,635
|
2,534
|
|
Upper Upscale
|
32,427
|
1,716
|
2,091
|
|
Upscale
|
85,483
|
1,599
|
3,745
|
|
Midscale w/ F&B
|
50,969
|
365
|
1,342
|
|
Midscale w/o F&B
|
26,642
|
1,360
|
5,222
|
|
Economy
|
3,739
|
312
|
552
|
|
Unaffiliated
|
279,193
|
2,277
|
2,769
|
|
Total
|
499,669
|
9,264
|
18,225
|
* 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.
Media Contacts:
Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann Urie
Communications Coordinator
rurie@str.com
+1 (615) 824-8664 ext. 3305
