137 hotel rooms in pipeline

There
are 137 hotels in construction and development in the Caribbean and Mexico
region, according to a new report.

Data
released by Smith Travel Research, Dodge Construction and Torto Wheaton
Research revealed projects in the pipeline — that is, room stock that is in
construction, final planning or planning phases during July. That translates to
17,208 rooms.

Mexico
leads the way with 10,819 rooms, 5,121 of which are in construction.

In the
Caribbean, Dominican Republic has 1,929 rooms and Puerto Rico 1,210 in the
pipeline.

Existing
supply in the Caribbean and Mexico region currently comprises 496,290 rooms.
There are 9,061 in construction. The mid-scale without food and beverage segment
has 5,134 rooms in the pipeline, upscale has 3,545 and economy 696 rooms, said
the report.

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