Among the chain scale segments, three each accounted for more than 20.0 percent of rooms were under contract: the upscale segment (23.3 percent with 14,696 rooms); the midscale segment (22.3 percent with 14,022 rooms); and the upper midscale segment (22.2 percent with 13,970 rooms).
The upscale segment made up the largest percent of rooms under construction (29.8 percent) with 7,289 rooms. Two other segments each accounted for more than 15.0 percent of rooms under construction: the midscale segment (19.8 percent with 4,841 rooms) and the upper midscale segment (19.7 percent with 4,820 rooms).
Cuban President Raul Castro has confronted U.S. President-Elect Donald J. Trump's hardball pitch to possibly break up President Obama's one year-old detente with the Communist island nation with a hardball gesture of his own.
The developer of West Enclave, a Ritz-Carlton Reserve Residence, located in Los Cabos, Mexico, has opened sales to the public for a limited collection of 27 single-family Residences, following $70 million in pre-sales.