Worldwide, hotel pipeline activity through the second quarter of 2022 was down versus the previous year, according to June data from STR. Europe witnessed the biggest reduction in total room under contract at -7.4%.
Here is a roundup of June 2022 percentage changes in pipeline data compared to June 2021:
Europe
- In construction: 207,315 rooms (-12.6%)
- Final planning: 150,164 rooms (-15.2%)
- Planning: 163,380 rooms (+10.6%)
- Total under contract: 520,859 (-7.4%)
Germany (40,729) and the U.K. (28,612) lead Europe in total rooms in construction.
Asia Pacific
- In construction: 486,412 rooms (+2.1%)
- Final planning: 128,808 rooms (-29.0%)
- Planning: 302,499 rooms (+11.5%)
- Total under contract: 917,719 rooms (-1.2%)
Among countries in the region, China has the most rooms in construction (308,062), followed by Vietnam (31,161).
Middle East & Africa
- In construction: 127,397 rooms (-6.2%)
- Final planning: 37,143 rooms (-18.0%)
- Planning: 73,096 rooms (+26.1%)
- Total under contract: 237,636 (-0.6%)
Saudi Arabia (37,654) and United Arab Emirates (31,671) lead in construction activity.
Americas
- In construction: 202,250 rooms (-16.9%)
- Final planning: 208,583 rooms (-14.4%)
- Planning: 328,944 rooms (+10.4%)
- Total under contract: 739,777 (-5.8%)
The U.S. holds most rooms in construction in the region. After the U.S., Mexico (14,909) and Canada (7,232) have the highest number of rooms in construction in the region.