Caribbean-Mexico Hotel Pipeline Up 10 Percent
By: Caribbean Journal Staff - March 21st, 2016
The Caribbean-Mexico hotel pipeline continues to expand.
The wider region showed 31,866 rooms in 185 hotels under contract in the Caribbean and Mexico last month, a 10.2 percent increase in rooms under contract compared to February 2015, according to a new report from STR.
The region also posted a 42.2 percent year-over-year increase in rooms in construction.
Overall, the Caribbean-Mexico region totaled 14,393 rooms in 80 hotels in construction for the month of February.
Mexico continues to lead the way, with 8,343 rooms in 58 hotels in construction.
— CJ Staff
