The Caribbean-Mexico development pipeline is nearing 30,000 rooms, according to a new report from hotel analytics firm STR. There were 170 hotels and 29,572 rooms in the hotel development pipeline in the Caribbean and Mexico through September, according to STR.

Located just ten minutes from Madrid’s city center and historical sites, the 431-room, four star hotel offers an unmatched culinary experience in the Spanish capital, with four areas dedicated to haute cuisine, as well as pioneering tourism technology, thanks to the trail-blazing decision to turn the hotel into the first “Living Lab” in the industry.

The domestic market was a key factor to a successful summer for Canada-based company Blue Diamond, the third largest hotel chain with operations in Cuba. Blue Diamond facilities on the island nation chalked up occupancy levels above 60 percent.