STR: Europe remains only world region with increased hotel construction

At the end of Q2 2021, Europe remained the only world region with a year-over-year increase in hotel rooms in construction, according to June pipeline data from STR. June 2021 (% changes in comparison with June 2020)EuropeIn Construction: 237,304 rooms (+7.9%)Final Planning: 177,165 rooms (+13.0%)Planning: 147,712 rooms (-6.4%) Germany (49,027) and the U.K. (36,444) lead Europe in total rooms in construction. Asia PacificIn Construction: 476,302 rooms (-2.8%)Final Planning: 181,453 rooms (+8.8%)Planning: 271,268 rooms (+13.6%) Among countries in the region, China has the most rooms in construction (290,619), followed by Vietnam (31,732). …

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