Hospitality Trends: Construction Pipeline Caribbean & Mexico: STR

The Caribbean/Mexico hotel development pipeline comprises 170 hotels totaling 29,572 rooms, according to the September 2014 STR Construction Pipeline Report. This represents a 23.5-percent increase in rooms Under Contract compared with September 2013 and a 31.0-percent increase in rooms In Construction.
The Caribbean/Mexico hotel development pipeline comprises 170 hotels totaling 29,572 rooms, according to the September 2014 STR Construction Pipeline Report. This represents a 23.5-percent increase in rooms Under Contract compared with September 2013 and a 31.0-percent increase in rooms In Construction. The total rooms Under Contract include rooms in the In Construction, Final Planning and Planning stages but do not include rooms in the Unconfirmed stage.

Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (24.4 percent) with 7,213 rooms. Three other segments each accounted for more than 15.0 percent of rooms Under Contract: the Luxury segment (20.9 percent with 6,189 rooms); the Upper Midscale segment (19.2 percent with 5,962 rooms); and the Unaffiliated segment (18.5 percent with 5,474 rooms).

Three segments each made up more than 20.0 percent of rooms in the In Construction phase: the Luxury segment (26.8 percent with 3,803 rooms); the Unaffiliated segment (22.8 percent with 3,232 rooms); and the Upscale segment (22.1 percent with 3,133 rooms).

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