January Hotel Pipeline Projects Soar in Caribbean/Mexico and Central/South America
The number of rooms in the active pipelines for Caribbean/Mexico and Central/South America grew by 26.8 percent and 38.8 percent, respectively, year-over-year, according to the January 2014 STR Global Construction Pipeline Reports for each region. In the Caribbean and Mexico, 153 projects are in the pipeline for a total of 25,907 rooms. The upper-upscale segment reveals the steepest growth in that region, rising by 114.5 percent over last January's report. In Central and South America, 319 hotels are in the pipeline, representing 51,264 rooms. In that region, the upscale segment accounts for the largest portion of rooms in the total pipeline, with 12,008, or 23.4 percent.