STR: Europe leads hotel construction in Q1

Frankfurt

Europe is the only world region showing increased hotel construction activity in comparison with the end of Q1 last year, according to March pipeline data from STR.

Europe

In Construction: 258,129 rooms (+26.9 percent compared to March 2020)
Final Planning: 181,101 rooms (+23.7 percent compared to March 2020)
Planning: 155,615 rooms (-8.8 percent compared to March 2020)

Germany (51,785) and the U.K. (36,919) lead Europe in total rooms in construction. 

Read more on our our sister publication Hotel Management