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News Details

STR: Caribbean/Mexico hotel construction up 33.9% in July

STR's hotel pipeline data for the Caribbean/Mexico region showed 155 projects accounting for 31,968 rooms in construction as of July 2019.

This represented a 33.

9% year-over-year jump in the number of rooms in the final phase of the development pipeline.

A majority of the region's rooms in construction are in three segments.

Of those three, luxury projects represented the largest percentage increase (+72.

4%) in activity year over year.

1.

Luxury: 8,553 rooms (+72.

4%)2.

Upscale: 7,075 rooms (+100%)3.

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