STR’s Construction Pipeline Report includes projects in the in construction, final planning and planning stages but does not include projects in the pre-planning stage.
The Caribbean/Mexico hotel development pipeline comprises 129 hotels totaling 22,090 rooms, according to the July report.
Puerto Rico accounts for six of the hotels. The four in the construction stage represent 709 new rooms while the two in the planning stage will add 489 new rooms.
The additional 1,198 rooms would spur Puerto Rico’s overall inventory to 16,675 from the current 15,477, according to STR.
Among the region’s countries, Haiti reported the largest expected supply growth (60.3 percent) if all 644 rooms in the total active pipeline open. Three other countries also reported an increase in expected supply growth of more than 15 percent: Turks & Caicos (20.1 percent with 597 rooms); Bahamas (17.7 percent with 2,468 rooms); and St. Kitts/Nevis (17.4 percent with 275 rooms).
STR provides clients — including hotel operators, developers, financiers, analysts and suppliers to the hotel industry — access to hotel research with regular and custom reports covering the United States, Canada, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.