construction

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Supply Growth Pressuring Caribbean Hotel Performance

 By Rico LouwCJ Contributor July marked the Caribbean’s fourth-straight month with a decline in hotel occupancy, and for the second month in a row, we saw a rather steep decline because of lower demand and a rise in new inventory. …

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Caribbean-Mexico Hotel Construction Keeps Booming

 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 …

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Caribbean-Mexico Hotel Construction Booming

 By the Caribbean Journal staff Hotel construction is booming in the Caribbean and Mexico right now, according to new data from analytics firm STR. The number of hotels in construction in the wider region is up 30.7 percent year over …

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 By the Caribbean Journal staff The Caribbean-Mexico hotel construction pipeline is booming. There were 107 hotel properties comprising 22,325 rooms in construction last month in the wider Caribbean-Mexico region, a 41.5 percent jump compared to the same period last year. …

 By the Caribbean Journal staff It isn’t just the most popular destination in the Caribbean for tourists – it’s the most popular destination for hotel investors, too. The Dominican Republic continued its hotel boom in 2017, with 12 new resorts …

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 There were 15,781 hotel rooms in the Caribbean and Mexico region in construction last month, according to the latest data from analytics firm STR. That total came across 86 projects, representing a 23.2 percent increase compared to April 2016. Overall, …

 The developers of Ironwood, the $1.1 billion golf resort community coming to the East End and North Side of Grand Cayman, have named the construction manager for infrastructure works on the project. The company has appointed Wharton-Smith International LLC in …

Caribbean Hotel Construction

 Luxury hotels are leading the Caribbean hotel construction pipeline, according to a new report from hotel analytics firm STR. The luxury segment accounted for 23.3 percent of all rooms in the region in the “in construction” phase, according to the …

 The Caribbean hotel construction pipeline is rising, according to the latest numbers from hotel analytics firm STR. The Caribbean-Mexico region has seen a 9.3 percent year-over-year increase in the number of rooms in construction, according to the report. Overall, there …

 One of the Caribbean’s most anticipated luxury projects is now underway. Construction on the Pearns Point project in Antigua is well underway, with more than 40 local workers already employed on site and OBMI and CO Williams are overseeing the …

 By the Caribbean Journal staff The Caribbean-Mexico hotel pipeline fell last month, according to the latest STR Construction Pipeline Report. There were 163 hotels comprising 27,583 rooms under contract in the region last month, a 6.7 percent decrease in rooms …

 UWI, China Harbour sign memorandum By Dana Niland CJ Contributor The University of the West Indies and China Harbour Engineering Company have signed a Memorandum of Understanding for a $511 million USD development project. The project will include the expansion …

 Slight increase in rooms under contract By the Caribbean Journal staff The Caribbean-Mexico Hotel Construction Pipeline is up to 167 hotels and 29,113 rooms, according to the latest STR Construction Pipeline report. That represented a 3.5 percent increase in rooms …

 Above: the Baha Mar By the Caribbean Journal staff The Bahamas leads the Caribbean region with a total of 2,670 rooms in five hotels under construction, while Mexico has the most rooms under construction in the wider region with 39 …

 Above: the Riviera Maya (CJ Photo) By the Caribbean Journal staff Where’s the epicentre of the Caribbean-Mexico hotel boom? Right now, it’s the Yucatan Peninsula, according to the latest report from hotel analytics firm STR. The company’s Construction Pipeline Report for …

 By the Caribbean Journal staff There are now 28,698 rooms in the Caribbean-Mexico hotel construction pipeline, according to new data from STR. The end of January data represented a 6.8 percent increase in rooms under contract, compared with January 2014, …

 Above: work at the terminal By the Caribbean Journal staff Antigua and Barbuda’s brand-new airport terminal is getting closer to completion. The new terminal at VC Bird International Airport is slated to open in the next three months, according to …

 Above: Cayman Premier Alden McLaughlin (right) and Deputy Premier Moses Kirkconnell By the Caribbean Journal staff Cayman Premier Alden McLaughlin and Deputy Premier Moses Kirkconnell recently toured the construction site of the new Kimpton hotel project in Grand Cayman. The …