HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 131 hotels totaling 19,136 rooms, according to the February 2011 STR Construction Pipeline Report.
“Not surprisingly, with 6,418 rooms under construction, Mexico has the highest number of rooms in the In Construction phase of the Caribbean/Mexico pipeline,” said Lana Yoshii, VP of content management at STR. “However, because they have the most number of open rooms, they are only expecting a 2.2-percent increase in supply when these projects open. The Bahamas has the second highest volume of rooms in construction (1,424 rooms) but will see an 8.7-percent increase in existing supply when those rooms open.”
Among the countries in the region, Mexico reported the largest number of rooms in the In Construction phase with 6,418 rooms. Other countries to report a significant number of rooms under construction include: the Bahamas (1,424 rooms); the Dominican Republic (1,280 rooms); Aruba (320 rooms); and St. Lucia (259 rooms).
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 Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference, which will be held 3-4 August 2011 in Nashville, Tennessee.
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Rachael Spann Urie
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