pipeline activity
Hotel Pipeline Down for Most of the World at the End of 2023
CoStar Group | January 22, 2024
WASHINGTON – 22 January 2024 – With substantial volume in the planning phases, the Americas was the only world region to show an increase in overall hotel pipeline activity, according to year-end data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Construction activity was down in every world region except Asia Pacific. December 2023 (% change in comparison with December 2022): Europe In construction: 171,354 (-9.7%) Final Planning: 111,255 (-20.9%) Planning: 178,580 (+16.3%) Total Under Contract: 461,189 (-4.7%) Among countrie...
Hotel Pipeline Down Globally, Except for Middle East & Africa
STR | October 20, 2022
LONDON—Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter, according to September 2022 data from STR. September 2022 (% changes in comparison with September 2021) Europe In Construction: 197,884 rooms (-14.1%) Final Planning: 144,277 rooms (-16.1%) Planning: 162,896 rooms (+9.7%) Total Under Contract: 505,057 (-8.3%) Germany (38,676) and the U.K. (29,471) lead Europe in total rooms in construction. Asia Pacific In Construction: 485,250 rooms (+1.5%) Final Planning: 131,427 rooms (-26.3%) Planning: 287,572 (-0.2%) T...