STR reveals Caribbean / Mexico hotel development pipeline

19th September 2011 (Last Updated September 19th, 2011 18:30)

The hotel development pipeline for the Caribbean / Mexico in August 2011 comprises 129 hotels and 18,994 rooms, according to an STR Construction Pipeline report. The region opened ten projects with 928 rooms in 2011 as of 31 July 2011. A further 26 projects comprising 4,104 r

The hotel development pipeline for the Caribbean / Mexico in August 2011 comprises 129 hotels and 18,994 rooms, according to an STR Construction Pipeline report.

The region opened ten projects with 928 rooms in 2011 as of 31 July 2011.

A further 26 projects comprising 4,104 rooms will open during 2011, and 46 projects with 6,482 rooms are to be launched in 2012.

The largest number of rooms to open during the remainder of 2011 are expected in the upscale segment, which contains seven projects with 1,453 rooms, and the unaffiliated segment, which comprises five projects with 1,204 rooms.

In 2012, the upscale segment will open the largest number of rooms with 12 projects and 1,722 rooms, followed by the upper midscale segment with 14 projects and 1,603 rooms.