Caribbean, Mexico Hotel Development Pipeline Dips in August

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According to STR's August 2016 Pipeline Report, 27,951 rooms in 172 projects Under Contract in the Caribbean/Mexico region. The total represents a 1.7% decrease in rooms Under Contract compared with August 2015.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the unconfirmed stage.

The region reported 13,098 rooms in 82 projects In Construction for the month, which is a 0.9% increase in year-over-year comparisons.

Among the countries in the region, Mexico reported the most rooms In Construction with 8,306 rooms in 60 hotels. The Dominican Republic (1,512 rooms in six hotels) was the only other country to report more than 1,000 rooms In Construction.