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Pipeline Growth in Mexico and Latin America

STR Global Reports Caribbean/Mexico Pipeline August 2010
Escrito por Real Estrategy 2 Barómetro, Internacional Sep 29, 2010 The Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 16,870 rooms, according to the August 2010 STR/TWR/Dodge Construction Pipeline Report released this week.

Among the key countries in the region, Mexico reported the largest number of rooms in the total active pipeline (10,545 rooms) and in the In Construction phase (4,737 rooms). The Dominican Republic (1,674 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 the total active pipeline with 5,337 rooms, followed by the Upscale segment, which made up 21.0 percent with 3,545 rooms. The economy segment accounted for the smallest portion of the total active pipeline with 3.3 percent and 552 rooms.

Caribbean/Mexico pipeline by Chain Scale segment for August 2010 (number of rooms): Chain Scale Existing Supply In Construction Total Active Pipeline*
Luxury 21,210 1,482 2,071
Upper Upscale 32,427 1,716 2,091
Upscale 87,527 1,399 3,545
Midscale w/ F&B 49,372 487 1,264
Midscale w/o F&B 26,642 1,256 5,337
Economy 3,739 312 552
Unaffiliated 277,698 1,758 2,010
Total 498,615 8,410 16,870

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

About STR/TWR/Dodge Construction Pipeline Report:

The Pipeline Report is co-produced by Torto Wheaton Research, Dodge Construction, and the dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.

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.

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