Worldwide hotel construction activity saw a year-over-year decline in March, with Europe having the biggest decrease of 18.2% and the Asia-Pacific region having the smallest drop of 0.8%, according to STR data. However, a separate report from Lodging Econometrics found the global construction pipeline was up 4% year-over-year in 2022, with the US, Asia-Pacific and Canada all experiencing an uptick in project counts.

Read it all in Hotels Magazine.
https://hotelsmag.com/news/str-hotel-construction-declines-globally/