35 C
Dhaka
Tuesday, May 17, 2022
spot_img

Hotel construction down around the world, except in Europe

Europe is the only world region showing increased hotel construction activity in comparison with the end of Q1 last year, according to March pipeline data from STR.

March 2021 (% changes in comparison with March 2020)

Europe

  • In Construction: 258,129 rooms (+26.9%)
  • Final Planning: 181,101 rooms (+23.7%)
  • Planning: 155,615 rooms (-8.8%)

Germany (51,785) and the U.K. (36,919) lead Europe in total rooms in construction.

Asia Pacific

  • In Construction: 462,795 rooms (-3.4%)
  • Final Planning: 183,105 rooms (+17.5%)
  • Planning: 270,350 rooms (+4.0%)

Among countries in the region, China has the most rooms in construction (283,893), followed by Vietnam (28,657).

Middle East & Africa

  • In Construction: 141,914 rooms (-1.9%)
  • Final Planning: 45,680 rooms (-4.8%)
  • Planning: 53,567 rooms (-29.8%)

United Arab Emirates (43,032 rooms) and Saudi Arabia (37,150 rooms) lead in construction activity. Saudi Arabia tops the world in projected hotel supply growth over the next three years.

Americas

  • In Construction: 240,635 rooms (-11.6%)
  • Final Planning: 254,389 rooms (-13.4%)
  • Planning: 265,702 rooms (+2.8%)

The U.S. led the world in new hotel openings during Q1 2021, despite a year-over-year decline in construction activity. In addition to the U.S., Mexico (14,491) and Canada (8,804) have the highest number of rooms in construction in the region.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,310FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles