STR: Europe remains only world region with increased hotel construction

 

At the end of Q2 2021, Europe remained the only world region with a year-over-year increase in hotel rooms in construction, according to June pipeline data from STR.

June 2021 (% changes in comparison with June 2020)
Europe
In Construction: 237,304 rooms (+7.9%)
Final Planning: 177,165 rooms (+13.0%)
Planning: 147,712 rooms (-6.4%)

Germany (49,027) and the U.K. (36,444) lead Europe in total rooms in construction.

Asia Pacific
In Construction: 476,302 rooms (-2.8%)
Final Planning: 181,453 rooms (+8.8%)
Planning: 271,268 rooms (+13.6%)

Among countries in the region, China has the most rooms in construction (290,619), followed by Vietnam (31,732). 

Middle East & Africa
In Construction: 135,740 rooms (-3.6%)
Final Planning: 45,313 rooms (-9.0%)
Planning: 57,953 rooms (-13.8%)

Saudi Arabia (39,362) and United Arab Emirates (37,954) lead in construction activity. 

Americas
In Construction: 243,395 rooms (-11.2%)
Final Planning: 243,809 rooms (-19.8%)
Planning: 297,929 rooms (+25.9%)

The U.S. holds the majority of rooms in construction in the region. In addition to the U.S., Mexico (13,721) and Canada (9,325) have the highest number of rooms in construction in the region.

Tags: STR