Hotel Construction Down Around the World, Except in Asia Pacific Region

STR | January 17, 2022

HENDERSONVILLE, Tennessee — January 17, 2022 — Asia Pacific is the only world region showing increased hotel construction activity in comparison with the end of Q4 last year, according to December 2021 data from STR. December 2021 (% changes in comparison with December 2020) Europe In Construction: 221,789 rooms (-7.6%) Final Planning: 163,805 rooms (-4.9%) Planning: 159,232 rooms (+4.7%) Total Under Contract: 544,826 rooms (-3.5%) Germany (45,121) and the U.K. (31,464) continue to lead Europe in total rooms in construction.   Asia Pacific In Construction: 473,983 rooms (+5.0%) Final Planning: 170,210 ro...