Asia-Pacific Only Region With Increased Hotel Construction, Says STR
Americas see drop of almost 17% >>
by: Harvey Chipkin
The Asia-Pacific region was the only world region showing increased hotel construction activity in December of 2021 in comparison with the same month in 2020, according to STR. Results were as follows: December 2021 (% changes in comparison with December 2020)
Europe: In construction: 221,789 rooms (down 7.6%) Final planning: 163,805 rooms (down 4.9%) Planning: 159,232 rooms (up 4.7%) Total under contract: 544,826 rooms (down 3.5%) Germany (45,121) and the UK (31,464) continue to lead Europe in total rooms in construction.
Asia-Pacific: In construction: 473,983 rooms (up 5%) Final planning: 170,210 rooms (down 3.8%) Planning: 297,687 rooms (up 16.3%) Total under contract: 941,880 rooms (up 6.5%)
Among countries, China (290,265) remains atop the region with the most rooms in construction, followed by Vietnam (30,546). Middle East and Africa: In construction: 130,225 rooms (down 5.5%) Final planning: 38,765 rooms (down 14.3%) Planning: 67,142 rooms (up 2.8%) Total under contract: 236,132 rooms (down 4.9%) Saudi Arabia (40,269) and the United Arab Emirates (31,715) lead in construction activity. Americas: In construction: 211,453 rooms (down 16.8%) Final planning: 220,044 rooms (down 20.6%) Planning: 329,474 rooms (up 39%) Total under contract: 760,971 rooms (down 1%) The US holds the majority of rooms in construction in the region. After the US, Mexico (14,020) and Canada (6,856) rank second and third, respectively, in room construction.
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