At the end of the third quarter, Europe was the only world region to show an increase in hotel construction and overall pipeline activity.
Europe
- In construction: 171,589 rooms (+5.2%)
- Final Planning: 71,502 rooms (-18.5%)
- Planning: 185,254 rooms (+14.2%)
- Total Under Contract: 428,345 (+3.7%)
The United Kingdom leads Europe in total rooms in construction (24,540), closely followed by Germany (22,622).
Asia Pacific
- In construction: 492,663 rooms (-3.2%)
- Final Planning: 42,911 rooms (-22.6%)
- Planning: 415,446 rooms (+6.6%)
- Total Under Contract: 951,020 (-0.3%)
Among countries in the region, China (280,577) leads in construction activity, followed by India (41,711) and Vietnam (39,078).
Middle East & Africa
- In construction: 99,895 rooms (-9.4%)
- Final Planning: 19,396 rooms (-37.3%)
- Planning: 94,485 rooms (+10.9%)
- Total Under Contract: 213,776 (-5.6%)
Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (44,771) and the United Arab Emirates (14,685) have the most rooms in construction.
Americas
- In construction: 190,842 rooms (-8.8%)
- Final Planning: 292,538 rooms (-4.1%)
- Planning: 390,345 rooms (+0.8%)
- Total Under Contract: 873,725 (-3.1%)
The U.S. (138,922) holds the majority of rooms in construction in the region. After the U.S., Mexico (14,290), Canada (8,988) and Brazil (5,481) show the highest number of rooms in construction.
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CoStar Group is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
