Caribbean Hotel Pipeline Slumps

Caribbean Hotel Pipeline Slumps

Caribbean Economy & Policy Corporate & Sovereign Strategy

The pipeline of new hotel openings in the Caribbean is expected to weaken in 2011 and 2012 in comparison to 2010, Lodging Econometrics says in a report. The firm notes that this year, only 12 new hotels with a total 1,383 rooms are expected to open in the region. In 2012, activity is expected to drop to an extra 7 hotels with a total of 809 rooms. The pipeline has been weakening every year since 2008, the US-based hospitality research firm says. In 2008, 22 hotels with 5,848 rooms opened, while

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