STR: Caribbean/Mexico hotel pipeline update
HENDERSONVILLE, Tennessee -- STR's October 2017 Pipeline Report shows 44,556 rooms in 245 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 39.0% increase in rooms Under Contract compared with October 2016.
The Caribbean/Mexico region reported 17,954 rooms in 98 projects In Construction for the month. Based on number of rooms, that is a 27.5% increase in year-over-year comparisons.
Four of the key STR-defined markets in the region reported more than 1,000 rooms In Construction:
- Central Mexico (4,767 rooms in 36 projects)
- Yucatan Peninsula (2,946 rooms in nine projects)
- Dominican Republic (2,188 rooms in seven projects)
- Northwest Mexico (2,137 rooms in 13 projects)
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.