Caribbean-Mexico Hotel Development Pipeline Climbs 22 Percent

By: Caribbean Journal Staff - June 16, 2014

Above: Nassau (CJ Photo)

By the Caribbean Journal staff

The number of rooms in the Caribbean hotel development pipeline continues to climb.

There were 163 hotels comprising 28,630 rooms in the development pipeline at the end of May, according to the latest STR Construction Pipeline Report.

That represented a 22.1 percent increase in rooms under contract compared to May 2013, and a 21.5 percent increase in the number of rooms under construction.

Rooms under contract includes rooms in the In Construction, Final Planning and Planning stages but not the Unconfirmed stage.

The luxury segment included the largest portion of rooms under contract, at 23.4 percent and 6,703 rooms. As for other segments, the unaffiliated segment accounted for 19.5 percent of rooms under contract, while the upscale and upper midscale segments accounted for 19.4 percent and 17.9 percent, respectively.

There were no rooms under contract in the economy segment in May, according to STR.

Popular Posts

A.R. Carnegie, 74, Caribbean Legal Legend

A Caribbean Journal Editorial He was never a judge, never a Queen’s Counsel. His robes were never silk. But A. Ralph Carnegie was a Caribbean John Marshall if there ever was one. Ralph Carnegie, A.R. in scholarly texts, passed away […]

Robinson: Manatt Approached Government

Lackston Robinson, Jamaica’s Deputy Solicitor General, testified that it was the law firm Manatt, Phelps and Phillips, and not the Jamaican Government/Jamaica Labour Party, that made the first move to solicit a contract to lobby the White House, he told […]

IMF Back in Antigua on Performance Review

The International Monetary Fund has sent a team to Antigua for a third review of the nation’s performance on a stand-by arrangement with the IMF. According to the Ministry of Finance, the IMF team began the review Monday and will […]

Related Posts adults-only all-inclusive caribbean

The 20 Best Adults-Only All-Inclusive Caribbean Resorts to Visit Now

It’s fall, the kids are back in school. Travel is calmer and it’s time for the perfect relaxing Caribbean getaway. If you’ve been paying attention, adults-only resorts, particularly those of the all-inclusive variety, are hotter than ever in the Caribbean, […]

How to Save on a Grand Bahama Vacation This Winter  

viva wyndham

It’s The Bahamas’ eco paradise: Grand Bahama, home to resplendent natural beauty, laid-back beach vibes and endless adventure.  Now it’s easier than ever to visit the island, thanks to new “hot deals” from a host of Grand Bahama hotels this […]

250-Acre Eleuthera Parcel Lists for $50 Million 

unicorn cay beachfront

A 250-acre parcel of land on the island of Eleuthera has hit the market for $50 million.  Suzette Darville of Corcoran CA Christie has the listing on the property, which is called Unicorn Cay and set in southern Eleuthera.  The […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You