Which world regions and countries have the most hotel rooms in construction?
Two of the four world regions, the Americas and the 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 UK (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 the 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 US holds the majority of rooms in construction in the region, while Mexico (14,317) and Brazil (7,080) have the highest number of rooms in construction in the region.
Source: https://www.ttrweekly.com/site/2022/04/who-is-building-more-hotels/
