March 2024 (per cent change in comparison with March 2023):
Europe
In construction: 172,499 rooms (-6.8 per cent)
Final Planning: 99,744 rooms (-25.3 per cent)
Planning: 160,404 rooms (+3.1 per cent)
Total Under Contract: 432,647 rooms (-8.8 per cent)
Among countries in the region, Germany (28,500) led in construction activity, closely followed by the U.K. (28,423).
Asia Pacific
In construction: 502,610 rooms (+5.6 per cent)
Final Planning: 109,926 rooms (+5.6 per cent)
Planning: 289,041 rooms (-11.0 per cent)
Total Under Contract: 901,577 rooms (-0.4 per cent)
China leads the Asia Pacific region in total rooms in construction (315,145), followed by Vietnam (37,113).
Middle East & Africa
In construction: 110,783 rooms (-7.3 per cent)
Final Planning: 36,173 rooms (-20.9 per cent)
Planning: 81,316 rooms (-3.3 per cent)
Total Under Contract: 228,272 rooms (-8.5 per cent)
Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (42,464) and the United Arab Emirates (19,046) have the most rooms in construction.
Americas
In construction: 205,998 rooms (+4.1 per cent)
Final Planning: 296,374 rooms (+6.8 per cent)
Planning: 378,628 rooms (+36.0 per cent)
Total Under Contract: 881,000 rooms (+16.9 per cent)
The U.S. (156,525) holds the majority of rooms in construction in the region. After the U.S., Mexico (13,335), Canada (7,603) and Brazil (5,799) show the highest number of rooms in construction.
