STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries.
Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter.
December 2022 (per cent changes in comparison with December 2021)
Germany (36,162) and the U.K. (28,426) lead Europe in total rooms in construction.
Among countries in the region, China has the most rooms in construction (300,163), followed by Vietnam (31,570).
Middle East & Africa
Saudi Arabia (40,742) and United Arab Emirates (27,456) lead in construction activity.
The U.S. holds the majority of rooms in construction (159,344) in the region and showed its first year-over-year increase in the phase since late 2020. After the U.S., Mexico (11,398) and Canada (6,752) have the highest number of rooms in construction in the region.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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