News

STR: 82 Hotels In Construction in Caribbean, Mexico

By: Caribbean Journal Staff - September 18, 2016 - 5:51 pm

There were 82 projects in construction across the Caribbean and Mexico region last month, according to the latest pipeline report from hotel analytics firm STR.

Those projects comprised a total of 13,098 rooms.

Overall, there are 27,951 rooms in 172 projects under contract in the wider region, a 1.7 percent decrease in rooms under contract compared to August 2015.

Mexico leads the region in rooms in construction with 8,306 rooms in 60 hotels, followed by the Dominican Republic with 1,512 rooms in six hotels.

STR’s Under Contract data includes rooms in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

– Caribbean Journal Staff

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