Hotel pipeline activity down around the world, except in Middle East & Africa
Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter, according to December 2022 data from STR.
LONDON - Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter, according to December 2022 data from STR.
December 2022 (% changes in comparison with December 2021)
Europe
- In Construction: 189,698 rooms (-14.5%)
- Final Planning: 140,663 rooms (-14.1%)
- Planning: 153,587 rooms (-3.6%)
- Total Under Contract: 483,948 (-11.2%)
Germany (36,162) and the U.K. (28,426) lead Europe in total rooms in construction.
Asia Pacific
- In Construction: 476,942 rooms (+0.6%)
- Final Planning: 108,955 rooms (-36.0%)
- Planning: 305,339 rooms (+2.6%)
- Total Under Contract: 891,236 rooms (-5.4%)
Among countries in the region, China has the most rooms in construction (300,163), followed by Vietnam (31,570).
Middle East & Africa
- In Construction: 122,686 rooms (-5.8%)
- Final Planning: 41,086 rooms (+6.0%)
- Planning: 74,863 rooms (+11.5%)
- Total Under Contract: 238,635 (+1.1%)
Saudi Arabia (40,742) and United Arab Emirates (27,456) lead in construction activity.
Americas
- In Construction: 207,112 (-2.1%)
- Final Planning: 244,982 (+11.3%)
- Planning: 284,829 (-13.6%)
- Total Under Contract: 736,823 (-3.2%)
The U.S. holds the majority of rooms in construction (159,344) in the region and showed its first year-over-year increase in the phase since late 2020. After the U.S., Mexico (11,398) and Canada (6,752) have the highest number of rooms in construction in the region.
Media Contact
Haley Luther
Senior Communications Manager [email protected] +1 (216) 278 0627