STR reports Caribbean/Mexico hotel pipeline for July 2010

STR reports Caribbean/Mexico hotel pipeline for July 2010

The Caribbean/Mexico hotel development pipeline comprises 137 hotels totaling 17,208 rooms, according to the July 2010 STR/TWR/Dodge Construction Pipeline Report released this week.

Among the countries of the region, Mexico reported the largest number of rooms in the total active pipeline with 10,819 rooms, with nearly 50 percent of its rooms in the In Construction phase (5,121 rooms). The Dominican Republic (1,929 rooms) and Puerto Rico (1,210 rooms) also reported more than 1,000 rooms in the total active pipeline.

Among the Chain Scale segments, the Midscale without Food and Beverage segment accounted for the largest portion of rooms in the total active pipeline with 29.8 percent and 5,134 rooms, followed by the Upscale segment with 20.6 percent and 3,545 rooms. The Economy segment made up the smallest portion of the total active pipeline with 4.0 percent and 696 rooms.