STR: Caribbean/Mexico hotel pipeline for January 2017
STR's January 2017 Pipeline Report shows 33,833 rooms in 199 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 4.4% increase in rooms Under Contract compared with January 2016.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 12,818 rooms in 81 projects In Construction for the month.
LONDON -- STR's January 2017 Pipeline Report shows 33,833 rooms in 199 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 4.4% increase in rooms Under Contract compared with January 2016.
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 12,818 rooms in 81 projects In Construction for the month. Based on number of rooms, that is a 9.4% decrease in year-over-year comparisons.
Among the region's key markets, Central Mexico (4,741 rooms in 36 projects) reported the largest number of rooms In Construction.
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CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
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