32,056 rooms in 190 projects Under Contract in the Caribbean/Mexico region. The total represents a 14.3% increase in rooms Under Contract compared with October 2015.
Based on STR's May 2016 Pipeline Report, over 28,368 rooms in 178 projects Under Contract in the Caribbean/Mexico region.
Recent record-breaking growth in tourism, combined with new and on-going government incentives and investments in airports, highways and marinas, has contributed to an increase in luxury real estate sales
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.
Caribbean hotels are enjoying their continued run of double-digit net operating income (NOI) growth.
Posted on October 09, 2009