Hotel Construction Down Around the World, Except in Asia Pacific Region

Date: January 2022

Location: Global

What did they say: Asia Pacific is the only world region showing increased hotel construction activity in comparison with the end of Q4 last year, according to December 2021 data from STR.

Main photo: STR logo

The report in numbers:

December 2021 (% changes in comparison with December 2020)

Europe

• In Construction: 221,789 rooms (-7.6%)
• Final Planning: 163,805 rooms (-4.9%)
• Planning: 159,232 rooms (+4.7%)
• Total Under Contract: 544,826 rooms (-3.5%)

Germany (45,121) and the U.K. (31,464) continue to lead Europe in total rooms in construction.  

Asia Pacific

Among countries, China (290,265) remains atop the region with the most rooms in construction, followed by Vietnam (30,546).

Middle East & Africa

• In Construction: 130,225 rooms (-5.5%)
• Final Planning: 38,765 rooms (-14.3%)
• Planning: 67,142 rooms (+2.8%)
• Total Under Contract: 236,132 rooms (-4.9%)

Saudi Arabia (40,269) and the United Arab Emirates (31,715) lead in construction activity.

Americas

• In Construction: 211,453 rooms (-16.8%)
• Final Planning: 220,044 rooms (-20.6%)
• Planning: 329,474 rooms (+39.0%)
• Total Under Contract: 760,971 rooms (-1.0%)

The U.S. holds the majority of rooms in construction in the region. After the U.S., Mexico (14,020) and Canada (6,856) rank second and third, respectively, in room construction.

THPT Comment: STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with their international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc, the leading provider of commercial real estate information, analytics and online marketplaces.

First Seen: STR press release

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