Caribbean-Mexico Hotel Construction Keeps Booming

caribbean decline hotel occupancy cover
By

By the Caribbean Journal staff

Hotel construction in the Caribbean-Mexico region continues to boom, according to the latest numbers from analytics firm STR.

The latest pipeline data for the Caribbean-Mexico region showed 31,968 rooms in construction across 155 projects in July, a 33.9 percent increase over July 2018.

The region’s pipeline was led by the luxury segment, which accounted for 8,553 rooms — and saw 72.4 percent growth year over year.

The upscale segment accounted for 7,075 rooms in construction, while the “upper upscale” segment saw 6,136 rooms in construction in the period.

The Dominican Republic led the Caribbean region, with 6,184 rooms in construction as of last month, followed by Jamaica, which had 1,925 rooms in construction.

Cuba also topped the 1,000-room mark, with 1,100 rooms in construction.

— CJ