The number of rooms in the hotel pipeline for both the Caribbean/Mexico and Central/South America regions has fallen slightly year-over-year, according to STR, but the number of rooms under construction has seen a significant increase.
STR's April 2016 Pipeline Report for the Caribbean and Mexico includes 28,715 rooms in development across 178 projects, a 3.8 percent year-over-year decrease in terms of room count. But the number of rooms actually under construction is up by a solid 9.3 percent, and includes 12,809 rooms in 79 projects. Central Mexico leads the way, with 3,846 rooms being built, or 30 hotels. That's followed by the Yucatán Peninsula, which has eight hotels under construction, for a total of 1,795 rooms. Northwest Mexico secured third place with 1,441 rooms under construction, representing a dozen hotel projects.
The April Pipeline Report for Central/South America reveals a similar trend, although less pronounced. The total pipeline of 68,354 rooms, among 429 projects, represents a 1.7 percent drop vs. April 2015. However, the 31,129 rooms under construction (representing 187 projects) show a 4.4 percent increase over last year. In order of the number of rooms under construction, Rio de Janeiro, Brazil, led the way, with 2,349 rooms, representing 12 hotels; followed by Sao Paulo, Brazil, with 1,162 rooms in five hotels; and Bogotá, Colombia, with 1,031 rooms in four hotels.