By the Caribbean Journal staff
The Dominican Republic’s hotel construction pipeline continues to grow, according to the latest report from hotel analytics firm STR.
There are now 4,447 hotel rooms in construction in the Dominican Republic, representing about 6.3 percent of the destination’s existing hotel room supply.
It’s another example of the Dominican Republic position as the Caribbean’s hub for hotel investment.
It’s the largest hotel construction pipeline in the Caribbean, followed by Cuba, which has 2,240 hotel rooms in its own construction pipeline.
That represents about 3.6 pecent of Cuba’s existing hotel stock.
The next largest pipeline is Puerto Rico, which has 556 rooms in construction, according to STR.
The wider Caribbean-Mexico construction pipeline has 23,868 rooms in construction.