October 20, 2020

Caribbean, Mexico Hotel Development Pipeline Jumps in October

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st-lucia-keyimageBy Michael Gerrity From World Property Journal

According to STR’s October 2016 , 32,056 rooms in 190 projects Under Contract in the Caribbean/Mexico region. The total represents a 14.3% increase in rooms Under Contract compared with October 2015.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the unconfirmed stage.

The region reported 14,087 rooms in 90 projects In Construction for the month, which is a 15.6% increase in year-over-year comparisons.

Among the region’s key markets, (4,886 rooms in 37 hotels) reported the largest number of rooms In Construction, followed by the Yucat√°n Peninsula, Mexico (2,387 rooms in 12 hotels).

For more on this story go to: http://www.worldpropertyjournal.com/real-estate-news/bahamas/nassau/str-october-2016-pipeline-report-caribbean-hotel-development-pipeline-2016-new-hotels-in-the-caribbean-10139.php

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