STR Reports Caribbean And Mexico Hotel Pipeline For September 2009
The Caribbean/Mexico hotel development pipeline includes 133 hotels comprising 19,434 rooms, according to the September 2009 STR Construction Pipeline Report released this week.
HENDERSONVILLE, Tennessee -- The Caribbean/Mexico hotel development pipeline includes 133 hotels comprising 19,434 rooms, according to the September 2009 STR Construction Pipeline Report released this week.
Among the countries in the region, Mexico reported the largest amount of rooms in the total active pipeline (11,180) and in the In Construction phase (5,909). Puerto Rico followed with 1,627 rooms in the total active pipeline and 1,163 rooms in the In Construction phase. The Bahamas also reported more than 1,000 rooms in the total active pipeline with 1,439 rooms; it had 886 rooms in the In Construction phase.
Among the Chain Scale segments, the Upper Upscale segment made up the largest percentage of the total active pipeline with 22.2 percent of the rooms (4,313 rooms). The Midscale without Food and Beverage segment accounted for 19.2 percent of the total active pipeline with 3,730 rooms. The Economy segment accounted for the smallest portion of the total active pipeline with 5.8 percent (1,125 rooms).
For more than 20 years, Smith Travel Research, Inc. (STR) has been the recognized leader for hotel industry benchmarking and research. STR and STR Global offer monthly, weekly and daily STAR benchmarking reports to more than 38,000 hotel clients, representing over 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit