32 Hotels Opened in Caribbean and Mexico in 2011, 59 New Hotels Planned for 2012

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According to the December 2011 STR Construction Pipeline Report, the Caribbean/Mexico hotel development pipeline comprises 127 hotels totaling 17,869 rooms.

During 2011, 32 new properties comprising 4,886 rooms opened in the region. Among the Chain Scale segments, the Upscale segment reported the most new rooms with six properties and 1,472 rooms, followed by the Upper Midscale segment (nine properties with 1,302 rooms) and the Independent segment (8 properties with 1,107 rooms).

During 2012, the region is expected to open 59 properties with 7,424 rooms. The Upper Midscale has the most rooms planned to open in 2012 with 18 properties and 1,996 rooms, followed by the Upscale segment with 14 properties and 1,745 rooms.