According to new data from global hospitality industry insight company, STR, two of the four global regions, Europe and the Asia Pacific, showed an increase in hotel pipeline activity at the end of the third quarter. This is according to September 2021 data.
Europe
- In Construction: 230,265 rooms (+6.6%)
- Final Planning: 171,988 rooms (+5.9%)
- Planning: 148,565 rooms (-4.8%)
- Total Under Contract: 550,818 (+3.1%)
Germany (46,494) and the U.K. (35,196) lead Europe in total rooms in construction.
Asia Pacific
- In Construction: 478,193 rooms (0.0%)
- Final Planning: 178,195 rooms (+5.3%)
- Planning: 288,227 rooms (+16.0%)
- Total Under Contract: 944,615 rooms (+5.4%)
Among countries in the region, China has the most rooms in construction (295,989), followed by Vietnam (29,178).
Middle East & Africa
- In Construction: 135,217 rooms (-7.6%)
- Final Planning: 40,539 rooms (-16.6%)
- Planning: 62,679 rooms (-0.6%)
- Total Under Contract: 238,435 (-7.8%)
Saudi Arabia (42,008) and United Arab Emirates (34,935) lead in construction activity.
Americas
- In Construction: 228,662 rooms (-16.6%)
- Final Planning: 247,381 rooms (-15.9%)
- Planning: 301,333 rooms (+36.1%)
- Total Under Contract: 777,376 (-1.6%)
The U.S. holds the majority of rooms in construction in the region. In addition to the U.S., Mexico (14,763) and Brazil (7,680) have the highest number of rooms in construction in the region.
