STR Reports Caribbean and Mexico Pipeline for January 2010

The Caribbean/Mexico hotel development pipeline includes 130 hotels comprising 18,088 rooms, according to the January 2010 STR/TWR/Dodge Construction Pipeline Report released this week.

Among the countries in the region, Mexico ended the month with 10,204 rooms in the total active pipeline, which accounts for more than half of the region’s total active pipeline. With 4,305 rooms, Mexico also reported the most number of rooms in the In Construction phase of the pipeline.

Among the Chain Scale segments, the Upper Upscale segment made up the largest percentage of rooms in the In Construction phase with 39.2 percent and 3,372 rooms. The Luxury segment followed with 17.7 percent of the rooms in the In Construction phase and 1,525 rooms, followed by the Upscale segment, which accounted for 14.3 percent of rooms in the In Construction phase and 1,227 rooms.

Caribbean/Mexico pipeline by Chain Scale segment for January 2010 (number of rooms)

* Includes those projects in the In Construction, Final Planning and Planning phases

About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.