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STR: Hotel construction down across world regions

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

LONDON – 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 comparison 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.

Asia Pacific

  • In Construction: 476,993 rooms (-0.8%)
  • Final Planning: 105,435 rooms (-29.6%)
  • Planning: 322,507 (+1.9%)
  • Total Under Contract: 904,935 rooms (-4.4%)

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.

Tatiana Rokou

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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