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).
Panama-based Red Frog Beach Island Resort & Spa announced this week the resort's newest amenity, La Rosa Beach Club. The new addition features event and meeting spaces, a bar, a restaurant, a stunning waterfall and an infinity-edge pool.
Billionaire real estate developer and U.S. President Donald Trump, who once considered building luxury hotels in Cuba, is getting set to swing a sky-high verbal crane over the tiny Communist-governed nation.