STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries.
Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar.
September 2024 (per cent change in comparison with September 2023):
Europe
Among countries in the region, Germany (27,175) led in construction activity, closely followed by the U.K. (24,733).
Asia Pacific
China leads the Asia Pacific region in total rooms in construction (322,440), followed by Vietnam (35,810).
Middle East & Africa
Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (41,828) and the United Arab Emirates (18,959) have the most rooms in construction.
Americas
The U.S. (157,253) holds the majority of rooms in construction in the region. After the U.S., Mexico (13,986), Canada (9,125) and Brazil (5,964) show the highest number of rooms in construction.
Performance Data
CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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