STR reports Caribbean and Mexico hotel pipeline for November 2009
The Caribbean/Mexico hotel development pipeline includes 131 hotels comprising 18,291 rooms, according to the November 2009 STR Construction Pipeline Report released this week.
The Caribbean/Mexico hotel development pipeline includes 131 hotels comprising 18,291 rooms, according to the November 2009 STR Construction Pipeline Report released this week.
Among the countries in the region, Mexico reported the largest number of rooms in the total active pipeline with 11,105 rooms. Two other countries ended the month with more than 1,000 rooms in the total active pipeline: the Bahamas (1,448 rooms) and Puerto Rico (1,130 rooms).
Among the Chain Scale segments, four segments accounted for more than 70 percent of rooms in the total active pipeline. The Midscale without Food and Beverage segment made up the largest portion of the total active pipeline with 23.2 percent and 4,245 rooms, followed by the Upper Upscale segment (17.6 percent and 3,221 rooms), the Luxury segment (15.5 percent and 2,835 rooms), and the Upscale segment (15.4 percent and 2,816 rooms).
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