Hotel pipeline down for most of the world at the end of 2023

Construction activity was down in every world region except Asia Pacific.

December 2023 (% change in comparison with December 2022):

Europe

• In construction: 171,354 (-9.7%)
• Final Planning: 111,255 (-20.9%)
• Planning: 178,580 (+16.3%)
• Total Under Contract: 461,189 (-4.7%)
• Among countries in the region, Germany (30,046 rooms) led in construction activity followed by the U.K. (28,503 rooms).

Asia Pacific

• In construction: 486,410 (+2.0%)
• Final Planning: 111,462 (+2.3%)
• Planning: 290,699 (-4.8%)
• Total Under Contract: 888,571 (-0.3%)
• China leads the Asia Pacific region in total rooms in construction (309,024), followed by Vietnam (36,852).

Middle East & Africa

• In construction: 112,128 (-8.6%)
• Final Planning: 36,912 (-10.2%)
• Planning: 80,294 (+7.3%)
• Total Under Contract: 229,334 (-3.9%)
• Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (42,282) and the United Arab Emirates (18,998) show the most rooms in construction.

Americas

• In construction: 200,615 (-3.1%)
• Final Planning: 289,394 (+18.1%)
• Planning: 370,033 (+30.0%)
• Total Under Contract: 860,042 (+16.7%)
• The U.S. holds the majority of rooms in construction in the region. After the U.S., Mexico (12,194), Canada (7,215) and Brazil (5,111) show the highest number of rooms in construction.