November 29, 2022

thecinematravelers

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The Americas and Asia Pacific regions show increased hotel pipeline activity

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Hotel pipeline activityTwo of the four world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the first quarter, according to March 2022 data from STR.

March 2022 (% changes in comparison with March 2021)

Europe

  • In Construction: 226,597 rooms (-12.2%)
  • Final Planning: 158,057 rooms (-12.7%)
  • Planning: 164,690 rooms (+5.8%)
  • Total Under Contract: 549,344 (-7.7%)

Germany (42,712) and the U.K. (31,796) lead Europe in total rooms in construction.

Asia Pacific

  • In Construction: 482,689 rooms (+4.3%)
  • Final Planning: 147,854 rooms (-19.3%)
  • Planning: 315,956 rooms (+16.9%)
  • Total Under Contract: 946,499 rooms (+3.3%)

Among countries in the region, China has the most rooms in construction (301,879), followed by Vietnam (32,804).

Middle East & Africa

  • In Construction: 126,860 rooms (-10.6%)
  • Final Planning: 37,830 rooms (-17.2%)
  • Planning: 69,398 rooms (+29.6%)
  • Total Under Contract: 234,088 (-2.9%)

Saudi Arabia (38,181) and United Arab Emirates (30,367) lead in construction activity.

Americas

  • In Construction: 207,018 rooms (-14.0%)
  • Final Planning: 209,353 rooms (-17.7%)
  • Planning: 346,277 rooms (+30.3%)
  • Total Under Contract: 762,648 (+0.3%)

The U.S. holds the majority of rooms in construction in the region. After the U.S., Mexico (14,317) and Brazil (7,080) have the highest number of rooms in construction in the region.



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