10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

CoStar: Asia Pacific and the Americas Show Increase in Hotel Pipeline Activity

  • LODGING Staff
  • 22 July 2024
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Lodging Magazine. Click here to read the original article

image

WASHINGTON—Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar.

June 2024 (Percent change in comparison with June 2023):

Europe
  • In construction: 165,858 rooms (down 2.4 percent)
  • Final planning: 93,241 rooms (down 20.9 percent)
  • Planning: 160,651 rooms (up 8.0 percent)
  • Total under contract: 419,750 rooms (down 3.8 percent)

Among countries in the region, Germany (27,302) led in construction activity, closely followed by the United Kingdom (25,312).

Asia Pacific
  • In construction: 503,770 rooms (up 4.4 percent)
  • Final planning: 91,282 rooms (down 22.9 percent)
  • Planning: 323,931 rooms (up 16.5 percent)
  • Total under contract: 918,983 rooms (up 4.5 percent)

China leads the Asia Pacific region in total rooms in construction (319,012), followed by Vietnam (36,521).

Middle East & Africa
  • In construction: 109,005 rooms (down 5.6 percent)
  • Final planning: 33,040 rooms (down 23.8 percent)
  • Planning: 83,020 rooms (up 9.2 percent)
  • Total under contract: 225,065 rooms (down 4.2 percent)

Most of the region’s pipeline activity is focused on the Middle East. Saudi Arabia (42,786) and the United Arab Emirates (18,933) have the most rooms in construction.

Americas
  • In construction: 208,718 rooms (up 8.3 percent)
  • Final planning: 299,153 rooms (up 6.9 percent)
  • Planning: 385,945 rooms (up 34.6 percent)
  • Total under contract: 893,816 rooms (up 17.8 percent)

The United States (157,713) has the most rooms in construction in the region. After the United States, Mexico (13,301), Canada (8,686), and Brazil (5,948) have the highest number of rooms in construction.

TourReview signs new deal with Fareharbor
Trending
TourReview signs new deal with Fareharbor

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Revenue Management

May 2025: Europe’s major markets are not the outperformers

  • m.welsch
  • 27 June 2025
View Post
  • Revenue Management

Dellisart LLC Expands Portfolio With Six New Management Contracts

  • LODGING Staff
  • 25 June 2025
View Post
  • Revenue Management

Event tourism on the rise: sports, music & culture

  • k.fytaki
  • 24 June 2025
View Post
  • Revenue Management

How secondary OTAs are disrupting hotel rate strategy

  • Automatic
  • 24 June 2025
View Post
  • Revenue Management

ADR Hotel Benchmark 2025: Is Your Property Pricing Right?

  • Vanshikha Dhar
  • 20 June 2025
View Post
  • Revenue Management

Steps for Success: Evaluating and Pricing Group Business

  • Revfine.com
  • 16 June 2025
View Post
  • Revenue Management

May Bank Holiday Bridges 2025: how will the French hotel industry fare?

  • m.welsch
  • 6 June 2025
View Post
  • Revenue Management

Cannes’ hotel industry puts on a show

  • m.welsch
  • 5 June 2025
Sponsored Posts
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech

    View Post
Last Posts
  • 168-Key Hotel Bourré Bonne Opens in Louisville
    • 27 June 2025
  • Rimrock Banff to Join Emblems Collection
    • 27 June 2025
  • “1925-2025 : 100 Years of Art Deco” at the Musée des Arts Décoratifs
    • 27 June 2025
  • IHG’s voco hotels Debuts in Canada With Three Hotel Signings
    • 27 June 2025
  • Plamondon Hospitality Partners Finalizes Key Land Acquisition in Downtown Frederick
    • 27 June 2025
Sponsors
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.