by Michael J. Shapiro | November 16, 2017

There are 39 percent more hotels planned for the Mexico-Caribbean region than there were a year ago, according to STR's "October 2017 Pipeline Report." Of those 44,556 rooms across 245 hotel projects, nearly 18,000 of them are already under construction - a 27.5 percent year-over-year increase; 98 hotels currently are being built in the region.

Two-thirds of those rooms under construction are in one of four STR-defined markets in the region, each of which has more than 1,000 rooms in the construction phase. They are Central Mexico (4,767 rooms in 36 projects), the Yucatán Peninsula (2,946 rooms in nine projects), the Dominican Republic (2,188 rooms in seven projects) and Northwest Mexico (2,137 rooms in 13 projects). 
Overall, these projects represent a good mix of smaller, business-oriented properties, as expected in Central and Northwest Mexico, and resort hotels in the Yucatán and the Dominican Republic. Mexico City ranks fifth among the markets, with 297 rooms under construction.

Click on the infographic below to see a larger version.