|Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter, according to December 2022 data from STR.|
December 2022 (% changes in comparison with December 2021)
EuropeIn Construction: 189,698 rooms (-14.5%)Final Planning: 140,663 rooms (-14.1%)Planning: 153,587 rooms (-3.6%)Total Under Contract: 483,948 (-11.2%)Germany (36,162) and the U.K. (28,426) lead Europe in total rooms in construction.
Asia PacificIn Construction: 476,942 rooms (+0.6%)Final Planning: 108,955 rooms (-36.0%)Planning: 305,339 rooms (+2.6%)Total Under Contract: 891,236 rooms (-5.4%)Among countries in the region, China has the most rooms in construction (300,163), followed by Vietnam (31,570).
Middle East & AfricaIn Construction: 122,686 rooms (-5.8%)Final Planning: 41,086 rooms (+6.0%)Planning: 74,863 rooms (+11.5%)Total Under Contract: 238,635 (+1.1%)Saudi Arabia (40,742) and United Arab Emirates (27,456) lead in construction activity.
AmericasIn Construction: 207,112 (-2.1%)Final Planning: 244,982 (+11.3%)Planning: 284,829 (-13.6%)Total Under Contract: 736,823 (-3.2)The U.S. holds the majority of rooms in construction (159,344) in the region and showed its first year-over-year increase in the phase since late 2020. After the U.S., Mexico (11,398) and Canada (6,752) have the highest number of rooms in construction in the region.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces.
|Source : STR|