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STR Reports Caribbean/Mexico and Central/South America Hotel Development Pipelines

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According to the July 2012 STR Construction Pipeline Report, the Caribbean/Mexico hotel development pipeline comprises 132 hotels totaling 20,214 rooms.

 Among the Chain Scale segments, the Upscale segment represented the largest number of rooms in the total active pipeline with 23.5% and 4,756 rooms.

 Three other segments each accounted for 15% or more of rooms in the total active pipeline: the Unaffiliated segment (23.3% with 4,715 rooms); the Luxury segment (20.7% with 4,180 rooms); and the Upper Midscale segment (19.6% with 3,954 rooms).

Central/South America

The Central/South America hotel development pipeline comprises 234 hotels totalling 32,749 rooms.

Year-to-date 2012, 24 hotels with 3,952 rooms have opened in the region. For the remainder of the year, 28 properties are expected to open with 3,593 rooms.

 The Upper Midscale segment is expecting to open the most rooms with 903 rooms in six properties, followed by the Upscale segment with 738 rooms in seven properties.

In 2013, 83 hotels with 12,039 rooms are planned to open in the region. The Midscale segment (30 hotels with 3,485 rooms) and the Upscale segment (19 hotels with 3,059 rooms) are expected to open the most rooms among the Chain Scale segments.

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