[divider style=”solid” top=”25″ bottom=”25″][dropcap]M[/dropcap]iddle 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
Germany (38,676) and the U.K. (29,471) lead Europe in total rooms in construction.
Asia Pacific
Among countries in the region, China has the most rooms in construction (311,859), followed by Vietnam (28,692).
Middle East & Africa
Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (39,070) and United Arab Emirates (32,373) lead in construction activity.
Americas
The U.S. holds the majority of rooms in construction in the region. After the U.S., Mexico (14,077) and Canada (7,126) have the highest number of rooms in construction in the region.
Also Read
The Africa Energy Indaba Launches EV International Conference & Expo
In a surprise development that’s caught the attention of food lovers and industry watchers alike,…
Nvidia Corporation (NASDAQ: NVDA) once again made headlines Wednesday as its stock surged to a…
In today's fast-paced logistics and manufacturing environments, warehouse space is more valuable than ever. Efficient…
In recent years, the global logistics landscape has experienced a profound transformation driven by digitization…
Investment advisory firm Janney Montgomery Scott LLC has adjusted its position in oilfield services leader…
As the global auto industry accelerates toward full electrification, Chinese automaker Chery is charting a…