Based on STR's May 2016 Pipeline Report, over 28,368 rooms in 178 projects Under Contract in the Caribbean/Mexico region.
Caribbean hotels are enjoying their continued run of double-digit net operating income (NOI) growth.
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.
It won't happen overnight. But the shot heard 'round the world - President Obama's "opening" with Cuba - will have momentous effects on the resort-development.