STR Reports Caribbean/Mexico, Central/South America Hotel Pipeline

The Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 18,672 rooms, according to the April 2012 STR Construction Pipeline Report. Year-to-date 2012, two properties comprising 408 rooms have opened in the region.

In the remainder of 2012, 39 properties are expected to open with 4,850 rooms. In 2013, 44 properties are planned to open with 5,752 rooms and in 2014, 30 properties are expected to open with 5,991 rooms.

In the remainder of 2012, the Unaffiliated segment is expected to open the most rooms with eight properties and 1,341 rooms, followed by the Upscale segment with 11 properties and 1,073 rooms scheduled to open. In 2013, the Upper Midscale segment is expected to open the largest number of rooms with 21 properties and 2,092 rooms, followed by the Unaffiliated segment with seven properties and 1,494 rooms.

The Central/South America hotel development pipeline comprises 224 hotels totaling 31,931 rooms, according to the April 2012 STR Global Construction Pipeline Report. Among the region's countries, Panama is expected to report the largest increase in room supply (44.3 percent) if all 5,633 rooms in the total active pipeline open.

Other countries to report a significant increase in room supply if all rooms open are Paraguay (up 38.7 percent with 796 rooms in the total active pipeline); Colombia (up 16.7 percent with 3,148 rooms); Uruguay (up 11.1 percent with 529 rooms); Costa Rica (up 8.4 percent with 1,506 rooms); and Nicaragua (up 8.4 percent with 330 rooms).

http://www.travelpulse.com/str-reports-caribbeanmexico-centralsouth-america-hotel-pipeline.html