Caribbean Hotel Development Pipeline Continues Growth
Above: construction at the Baha Mar in the Bahamas
By the Caribbean Journal staff
The Caribbean/Mexico hotel development pipeline continues to grow, according to the latest STR Construction Pipeline Report.
At the end of October, the total development pipeline in the Caribbean and Mexico included 138 hotels and 23,751 rooms, up from 12,666 rooms in the active pipeline in September.
Mexico has recently seen the opening of 13 hotels and 1662 with 91 hotels and 13,637 rooms in the active pipeline.
Within the Caribbean itself, the Dominican Republic continues to lead, with 12 hotels comprising 2,680 rooms in the active development pipeline.
That’s an increase from 11 hotels and 2,455 rooms in the active pipeline last month.
Of all the hotels currently being developed, the Luxury segment has the most rooms in development, with a total of 7,268 in the Caribbean and Mexico.
STR releases its construction report each month. The pipeline includes projects in the “in construction,” “final planning” and “planning stages,” but not those in the “pre-planning stage.”
