Finance & DevelopmentDevelopmentSTR Releases Q3 2022 Global Hotel Pipeline Activity Update

STR Releases Q3 2022 Global Hotel Pipeline Activity Update

LONDON—The Middle East & Africa world region was the only one to show an increase in overall hotel pipeline activity at the end of the third quarter, according to September 2022 data from STR.

The following information is from September 2022, with changes in comparison with September 2021:

Europe
  • In Construction: 197,884 rooms (down 14.1 percent)
  • Final Planning: 144,277 rooms (down 16.1 percent)
  • Planning: 162,896 rooms (up 9.7 percent)
  • Total Under Contract: 505,057 (down 8.3 percent)

Germany (38,676) and the United Kingdom (29,471) lead Europe in total rooms in construction.

Asia Pacific
  • In Construction: 485,250 rooms (up 1.5 percent)
  • Final Planning: 131,427 rooms (down 26.3 percent)
  • Planning: 287,572 (down 0.2 percent)
  • Total Under Contract: 904,249 rooms (down 4.3 percent)

Among countries in the region, China has the most rooms in construction (311,859), followed by Vietnam (28,692).

Middle East & Africa
  • In Construction: 130,956 rooms (down 3.2 percent)
  • Final Planning: 38,147 rooms (down 5.9 percent)
  • Planning: 74,510 rooms (up 18.9 percent)
  • Total Under Contract: 243,613 (up 2.2 percent)

Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (39,070) and the United Arab Emirates (32,373) lead in construction activity.

Americas
  • In Construction: 207,585 rooms (down 9.2 percent)
  • Final Planning: 203,069 rooms (down 17.9 percent)
  • Planning: 329,789 rooms (up 9.4 percent)
  • Total Under Contract: 740,443 (down 4.8 percent)

The United States holds the majority of rooms in construction in the region. After the United States, Mexico (14,077) and Canada (7,126) have the highest number of rooms in construction in the region.

RELATED ARTICLES

BWH Hotels’ Soft Brands Empower Independent Hotels with Global Strength 

As travelers increasingly seek authentic, locally inspired experiences, BWH Hotels is meeting the moment with a diverse portfolio of soft brands that blend individuality...

Waldorf Astoria New York to Reopen After Renovation

NEW YORK CITY—Waldorf Astoria New York offered the first looks at a restoration of the hotel’s architecture with new designs. The property, which closed...

J.D. Power: 2025 NAGSI Study Shows Hotel Guests Want Smart TVs, Good Hotel Mobile Apps

TROY, Michigan—Hotel guests in every segment feel they are getting better value for their travel dollar, and according to the J.D. Power 2025 North...

HREC Arranges Sale of Homewood Suites by Hilton Tampa-Brandon

DENVER, Colorado; TAMPA, Florida; ATLANTA, Georgia—HREC Investment Advisors announced that it has arranged the sale of the 126-guestroom Homewood Suites Tampa Brandon in Tampa,...

Nomadix Inc. Signs Strategic Agreement With TD SYNNEX

PLANO, TEXAS—Nomadix Inc. announced a distribution agreement with TD SYNNEX, a global distributor and solutions aggregator for the IT ecosystem. Through this agreement, Nomadix’s...

Hyatt Regency Times Square Opens

CHICAGO and NEW YORK—Hyatt Regency Times Square, Manhattan's first Hyatt Regency hotel, made its debut, and the property is now welcoming guests. The hotel...