STR Global Reports new Mexico and Caribbean hotels on the Pipeline
The new Caribbean/Mexico hotels that were under the August 2009 STR Construction Pipeline Report are now becoming a reality whilst newer projects have come to a stand still after the uncertainty of the global recession.
Projects for new Mexico and Caribbean hotels which had started construction before August 2009 are carrying on as planned without delays whereas some newer projects have come to a stand still. Those new Mexico & Caribbean hotels which were planned under the August STR Construction Pipeline Report released this week are well on their way towards completion with 141 new Mexico & Caribbean hotels making a total of 1,535 rooms currently being built.
“At the Caribbean Hotel & Tourism Investment Conference held earlier this year in Bermuda, the general sentiment was that development would dwindle to a virtual trickle in the Caribbean in 2009 and 2010,” said Duane Vinson, vice president at STR. "It appears that earlier projections are now a reality. With fewer than 50 projects in the active pipeline, new projects have come to a stand still."
Among the countries in the region, Mexico hotels reported the largest amount of rooms in the ‘In Construction’ phase with 5,289 rooms under way and a total of 10,810 rooms in the active pipeline. Puerto Rico followed with 1,163 rooms at the ‘In Construction’ phase and 1,627 rooms in the active pipeline. Lastly, The Bahamas also ended the month with more than 1,000 rooms in the active pipeline with a total of 1,439.
Between the different categories of new Mexico and Caribbean resorts under construction the largest percentage was for new luxury hotels with as many as 23.3% of the rooms catering for the higher end of luxury holidays. The following category occupying 20.7% of the active pipeline of hotels with 3,836 rooms was the Mid-Scale hotel range without Food and Beverage. The Mid-Scale hotels with Food and Beverage catering towards the family and beach holidays market accounted for 8.6% of the total with 1602 rooms in the active pipeline whereas the more Economical range of new Mexico & Caribbean hotels made up the smallest portion of the totals occupying only 6.1%.
STR Global is a 20-year old company whose initials stand for ‘Smith Travel Research’. A leader in the lodging industry for benchmarking and research, Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide.
Talk to a specialist
Call 020 7644 1770 to speak with our award-winning travel consultants.
Opening hours 09:00 - 21:00 GMT
Popular Holidays In Caribbean and Costa Rica Browse all
Dive into the warm water of Varadero beach and relax under the caribbean sunshine
- Enjoy a fantastic tour
- Book now and benefit from huge savings with the launch of the new Virgin Atlantic to Varadero offer!
- Suites feature a separate living area and Tropical suites feature breathtaking views of the sea
- Golf lovers can play on the nearby Varadero 18 hole golf course
Stay close to all the action in a fabulous resort that's part of a beautiful ecological reserve and sits right next to Xcaret, Cancun's number one theme park.
- Exclusive discount to the eco-archaeological Xcaret Park
- Enjoy access to 11 Restaurants and 10 Bars & access to 5 Swimming Pools
- Limitless all-inclusive fun and thrills for everyone in a beautiful eco-reserve facing a glorious beach
Stay in pure paradise at a beautiful 25-acre property, surrounded by a stunning waterfront of spectacular powdery white sands, it's heaven on earth
- Dine Al Fresco with breathtaking views of the turquoise waters of Long Bay
- Adults Only All Inclusive
- Rejuvenate at the luxurious hotel spa
- Relax and unwind upon paradisiacal beaches
An eco-tourist's dream - embark on an amazing journey of discovery with the perfect combination of comfort and adventure in tropical Costa Rica.
- Explore the amazing country of Costa Rica and discover all it's gems on this in depth tour with a fabulous beach stay
- During this tour you will experience various unique inclusions including a fantastic stay in tented accommodation under the stars in Arenal
- Enjoy various activities and exploration on this holiday including river rafting and much more with various optional tours to add
Get the best of Havana and Varadero with this fabulous combination of city and beach in two of Cuba's finest hotels, the...
Soak up the history of Havana as well as the magnificence of Varadero beach on an unforgettable twin centre holiday to...
If you want to really feel Cuba's beating heart and pulsating rhythms, this is one of the best for an unforgettable...
You can enjoy all the aspects of this charming island, as the elegant eco-friendly property is located near all the...
Escape to the pristine beaches of the south coast of Barbados for a holiday you will never forget. This is the perfect...
St Lawrence Gap is famous for its many restaurants, great shopping and lively nightlife. This 1.3 km stretch of road,...