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.
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.
The Caribbean and Mexico hotel development pipeline comprises 164 hotels totaling 27,621 rooms.
There is a strong increase of new hotel development now occurring in both the Caribbean and Mexico over last year's construction activity.