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Hotel pipeline down globally, except for Middle East & Africa

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LONDON—Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter, according to September 2022 data from STR.

September 2022 (% changes in comparison with September 2021)

Europe

  • In Construction: 197,884 rooms (-14.1%)
  • Final Planning: 144,277 rooms (-16.1%)
  • Planning: 162,896 rooms (+9.7%)
  • Total Under Contract: 505,057 (-8.3%)

Germany (38,676) and the U.K. (29,471) lead Europe in total rooms in construction.

Asia Pacific

Among countries in the region, China has the most rooms in construction (311,859), followed by Vietnam (28,692).

Middle East & Africa

  • In Construction: 130,956 rooms (-3.2%)
  • Final Planning: 38,147 rooms (-5.9%)
  • Planning: 74,510 rooms (+18.9%)
  • Total Under Contract: 243,613 (+2.2%)

Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (39,070) and United Arab Emirates (32,373) lead in construction activity.

Americas

  • In Construction: 207,585 rooms (-9.2%)
  • Final Planning: 203,069 rooms (-17.9%)
  • Planning: 329,789 rooms (+9.4%)
  • Total Under Contract: 740,443 (-4.8%)

The U.S. holds the majority of rooms in construction in the region. After the U.S., Mexico (14,077) and Canada (7,126) have the highest number of rooms in construction in the region.

About STR
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 a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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