Europe trails in global pipeline report

GLOBAL REPORT – Europe is the only world region that showed a year-over-year decrease in overall pipeline activity at the end of the first quarter, according to CoStar data.

Here is a rundown of regional pipelines:

Europe

• In construction: 173,961 rooms (+0.9%)
• Final Planning: 77,252 rooms (-22.6%)
• Planning: 176,295 rooms (+9.9%)
• Total Under Contract: 427,508 (-1.2%)

Germany leads Europe in total rooms in construction (26,117), closely followed by the United Kingdom (24,115).

Asia Pacific

• In construction: 533,937 rooms (+6.2%)
• Final Planning: 43,763 rooms (-60.2%)
• Planning: 389,767 rooms (+34.9%)
• Total Under Contract: 967,467 (+7.3%)

Among countries in the region, China (332,325) led in construction activity, followed by Vietnam (38,783) and India (38,228).

Middle East & Africa

• In construction: 103,038 rooms (-7.0%)
• Final Planning: 28,215 rooms (-22.0%)
• Planning: 97,813 rooms (+20.3%)
• Total Under Contract: 229,066 (+0.4%)

Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (42,800) and the United Arab Emirates (16,019) have the most rooms in construction.

Americas

• In construction: 194,823 rooms (-5.4%)
• Final Planning: 306,396 rooms (+3.4%)
• Planning: 423,746 rooms (+11.9%)
• Total Under Contract: 924,965 (+5.0%)

The U.S. (144,760) holds the majority of rooms in construction in the region. After the U.S., Mexico (13,891), Canada (10,374) and Brazil (5,407) show the highest number of rooms in construction.