STR: Caribbean/Mexico hotel pipeline for October 2016
STR's October 2016 Pipeline Report shows 32,056 rooms in 190 projects Under Contract in the Caribbean/Mexico region. The total represents a 14.3% increase in rooms Under Contract compared with October 2015.Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
LONDON -- STR's October 2016 Pipeline Report shows 32,056 rooms in 190 projects Under Contract in the Caribbean/Mexico region. The total represents a 14.3% increase in rooms Under Contract compared with October 2015.
Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
The region reported 14,087 rooms in 90 projects In Construction for the month, which is a 15.6% increase in year-over-year comparisons.
Among the region's key markets, Central Mexico (4,886 rooms in 37 hotels) reported the largest number of rooms In Construction, followed by the Yucatán Peninsula, Mexico (2,387 rooms in 12 hotels).
A note to editors: As of 1 March 2016, all references to STR data and analysis should cite "STR" as the source. Please refrain from citing "STR, Inc." "Smith Travel Research" or "STR Global" in sourcing as those names no longer fit within the updated STR brand.
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