Hotel construction down across world regions

LONDON– Each of the 4 world areas revealed a year-over-year decrease in hotel building and construction activity, with Asia Pacific coming closest to its 2022 equivalent, according to March 2023 pipeline information from STR

March 2023 (% modifications in contrast with March 2022):


  • In Construction: 184,851 spaces (-182%)
  • Final Planning: 133,580 spaces (-159%)
  • Planning: 156,095 spaces (-5.4%)
  • Total Under Contract: 474,526(-137%)
  • Germany (34,030) and the U.K. (29,160) lead Europe in overall spaces in building and construction

Asia Pacific

  • In Construction: 476,993 spaces (-0.8%)
  • Final Planning: 105,435 spaces (-296%)
  • Planning: 322,507( 1.9%)
  • Total Under Contract: 904,935 spaces (-4.4%)
  • Among nations in the area, China has the most spaces in building and construction (299,458), followed by Vietnam (36,358).

Middle East & & Africa

  • In Construction: 119,505 spaces (-5.8%)
  • Final Planning: 45,529 spaces ( 204%)
  • Planning: 84,116 spaces ( 212%)
  • Total Under Contract: 249,150( 6.4%)
  • Most of the area’s pipeline activity is focused in the Middle East. Saudi Arabia (42,033) and the United Arab Emirates (22,324) lead in building activity.


  • In Construction: 197,844 spaces (-4.5%)
  • Final Planning: 277,598 spaces ( 322%)
  • Planning: 278,383 spaces (-196%)
  • Total Under Contract: 753,825(-1.2%)
  • The U.S. holds most of spaces in building and construction in the area. After the U.S., Mexico (10,803), Canada (5,899) and Brazil (5,549) reveal the greatest variety of spaces in building.

About STR

STR offers premium information benchmarking, analytics and market insights for the worldwide hospitality market. Established in 1985, STR preserves an existence in 15 nations with a North American head office in Hendersonville, Tennessee, a worldwide head office in London, and an Asia Pacific head office in Singapore. STR was gotten in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading company of online realty markets, info and analytics in the business and home markets. For additional information, please go to and


The Best Amsterdam hotel Deals

Click the button listed below to get the very best discount rates on hotels in Amsterdam.

Check All Deals ➡

Visit Amsterdam?
Get The I-Amsterdam City Card and Save!

The I-Amsterdam City Card is an All-In-One Amsterdam Discovery Card that includes Free Public transportation, complimentary entry to 70 museums, totally free canal boat trips, totally free bike leasing, and a lot more!

Click the button listed below to understand more

More Info ➡

Leave a Comment