According to the October 2015 STR Construction Pipeline Report, there are 164 hotels totaling 28,046 rooms under contract in the combined Caribbean and Mexico region.
According to analysis of inquiries conducted by Caribbean luxury property specialist 7th Heaven Properties, demand for Caribbean real estate has doubled during the first six months of 2015 compared to the same period last year.
Caribbean hotel performance continues to illustrate positive trends in occupancy and average daily rate.
The Caribbean and Mexico hotel development pipeline comprises 164 hotels totaling 27,621 rooms.
Getaway cities will deliver the best growth in the next five years.
Antigua and Barbuda is the latest country to offer a visa deal in return for property investment. Prime Minister Baldwin Spencer officially launched the new Citizenship by Investment Programme last Thursday.