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Mexico Mexico

Surge in Rooms Under Contract in Caribbean and Mexico

According to STR’s May 2017 Pipeline Report, there were 39,434 units in 226 developments under contract in the Caribbean and Mexico, a 39 percent surge in rooms under contract compared to May 2016.

More specifically, the region reported that 13,503 keys in 82 projects were in the in construction phase, a year-on-year increase of seven percent in terms of rooms.

Three countries recorded more than 1,000 guestrooms in construction.

In May, Mexico had 8,649 rooms in 61 hotels in this phase, while Cuba reported 1,318 units in two properties and the Dominican Republic revealed 1,025 keys in four addresses.