STR: Caribbean/Mexico pipeline for March

HENDERSONVILLE, Tennessee—The Caribbean/Mexico hotel development pipeline comprises 129 hotels totaling 19,593 rooms, according to the February 2011 STR Construction Pipeline Report.

“There has been a modest increase in rooms under construction in the Caribbean/Mexico region compared to the same period last year,” said Lana Yoshii, VP of content management at STR. “The Upscale and Luxury segments are reporting the highest volume of affiliated rooms under construction (2,510 rooms and 2,487 rooms, respectively). With the addition of these rooms under construction, Luxury branded hotel supply will be increased by almost 11 percent and Upscale supply will increase by 3 percent. While the Independent segment accounts for the largest absolute number of rooms under construction (2,897 rooms), they only will increase the segment’s existing supply by less than 1 percent when opened.”

Among the Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms in the total active pipeline with 24.4 percent and 4,782 rooms. Three other segments each made up more than 15 percent of rooms in the total active pipeline: the Upscale segment (23.7 percent with 4,650 rooms); the Luxury segment (18.6 percent with 3,635 rooms); and the Unaffiliated segment (17.2 percent with 3,367 rooms).

* Includes those projects in the In Construction, Final Planning and Planning phases. 

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