Global News

Hotel construction down across world regions

Each of the four world regions showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.

March 2023 (% changes in Hotel constructions with March 2022):

Europe

  • In Construction: 184,851 rooms (-18.2%)
  • Final Planning: 133,580 rooms (-15.9%)
  • Planning: 156,095 rooms (-5.4%)
  • Total Under Contract: 474,526 (-13.7%)

Germany (34,030) and the U.K. (29,160) lead Europe in total rooms in construction.

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Asia Pacific

Among countries in the region, China has the most rooms in construction (299,458), followed by Vietnam (36,358).

Middle East & Africa

  • In Construction: 119,505 rooms (-5.8%)
  • Final Planning: 45,529 rooms (+20.4%)
  • Planning: 84,116 rooms (+21.2%)
  • Total Under Contract: 249,150 (+6.4%)

Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (42,033) and the United Arab Emirates (22,324) lead in construction activity.

Americas

  • In Construction: 197,844 rooms (-4.5%)
  • Final Planning: 277,598 rooms (+32.2%)
  • Planning: 278,383 rooms (-19.6%)
  • Total Under Contract: 753,825 (-1.2%)

The U.S. holds the majority of rooms in construction in the region. After the U.S., Mexico (10,803), Canada (5,899) and Brazil (5,549) show the highest number of rooms in construction.

Tags: Asia Pacific, hotel construction, hotel report, world regions

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