STR Reports Global Hotel Pipeline Data for March 2021

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

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.

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