Over 48,000 Hotel Rooms Under Construction in Latin America, Caribbean in February

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According the February 2012 STR Global Construction Pipeline Report, the Caribbean/Mexico hotel development pipeline comprises 128 hotels totaling 17,616 rooms.

Among the countries in the region, Mexico ended the month with the most rooms under construction, reporting 4,771 rooms. Other countries to report a significant number of rooms under construction: Dominican Republic (1,437 rooms); Bahamas (1,243 rooms); Aruba (320 rooms); Puerto Rico (265 rooms); and Haiti (237 rooms).

The Central/South America hotel development pipeline comprises 213 hotels totaling 30,657 rooms.

Among the Chain Scale segments, the Midscale Segment accounted for the largest portion of rooms in the total active pipeline with 23.9 percent and 7,336 rooms, followed by the Upscale segment (22.2 percent with 6,799 rooms) and the Upper Upscale segment (20.1 percent with 6,166 rooms).

Four segments each accounted for more than 10 percent of rooms in the In Construction phase: the Upper Upscale (30.5 percent with 3,801 rooms); the Upper Midscale segment (22.7 percent with 2,826 rooms); the Upscale segment (19.3 percent with 2,407 rooms); and the Luxury segment (11.6 percent with 1,439 rooms).