December 2022 (per cent changes in comparison with December 2021)
Europe
- In Construction: 189,698 rooms (-14.5 per cent)
- Final Planning: 140,663 rooms (-14.1 per cent)
- Planning: 153,587 rooms (-3.6 per cent)
- Total Under Contract: 483,948 (-11.2 per cent)
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 per cent)
- Final Planning: 108,955 rooms (-36.0 per cent)
- Planning: 305,339 rooms (+2.6 per cent)
- Total Under Contract: 891,236 rooms (-5.4 per cent)
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 per cent)
- Final Planning: 41,086 rooms (+6.0 per cent)
- Planning: 74,863 rooms (+11.5 per cent)
- · Total Under Contract: 238,635 (+1.1 per cent)
Saudi Arabia (40,742) and United Arab Emirates (27,456) lead in construction activity.
Americas
- In Construction: 207,112 (-2.1 per cent)
- Final Planning: 244,982 (+11.3 per cent)
- Planning: 284,829 (-13.6 per cent)
- 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.
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.
