The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 data from CoStar.
March 2024 (% change in comparison with March 2023):
Europe
- In construction: 172,499 rooms (-6.8%)
- Final Planning: 99,744 rooms (-25.3%)
- Planning: 160,404 rooms (+3.1%)
- Total Under Contract: 432,647 rooms (-8.8%)
Among countries in the region, Germany (28,500) led in construction activity, closely followed by the U.K. (28,423).
