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STR: Caribbean/Mexico hotel construction up 26.9% in January

A majority of the region’s rooms in construction are in the upper-tier segments. Of the three, upscale projects represented the largest percentage increase (+70.1%) in activity year over year.

HENDERSONVILLE, TENNESSEE – STR’s hotel pipeline data for the Caribbean/Mexico region showed 152 projects accounting for 31,787 rooms in construction as of the end of January 2020. This represented a 26.9% 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 the upper-tier segments. Of the three, upscale projects represented the largest percentage increase (+70.1%) in activity year over year. 

1. Upscale: 7,048 rooms
2. Luxury: 6,958 rooms
3. Upper Upscale: 6,606 rooms

Four countries in the region reported more than 1,000 rooms under construction. Mexico led with 16,699 rooms, which represented 4.0% of the country’s existing supply, followed by the Dominican Republic (6,356 rooms, 8.4% of existing supply). 

1. Mexico: 16,699 rooms (4.0%)
2. Dominican Republic: 6,356 rooms (8.4%)
3. Cuba: 1,616 rooms (2.5%)
4. Jamaica: 1,425 rooms (5.6%)

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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