With 168 hotels comprising 23,324 rooms in construction through April, Central and South America's number of rooms in construction is down 5.3% year over year.
The number of hotels in construction in the Caribbean and Mexico region is up 30.7% year over year through April with a total of 131 hotels comprising 29,187 rooms.
The Asia/Pacific region reported 1,892 hotels with a total of 423,343 rooms in construction through April.
Although it may seem that a hotels value is fixed and determined solely by external forces, in actuality there are hundreds of opportunities to make adjustments that result in value enhancements.
Europe reported a 48.6% year-over-year increase in the number of hotel rooms in construction through April, according to pipeline data from STR.
Canada's pipeline of rooms in construction fell 8.7% year over year, with 8,011 rooms in 63 hotel projects through April.
The Middle East reported a 9.3% year-over-year increase in hotel rooms in construction as of April, while African hotel rooms in construction decreased 7.1%.
Leading in the pipeline is Marriott International with 1,499 projects/196,771 rooms and Hilton Worldwide with 1,386 projects/154,349 rooms, both at all-time record highs. InterContinental Hotels Group (IHG) follows with 980 projects/99,115 rooms.
STR's April 2019 pipeline report shows 203,890 hotel rooms under construction in the U.S., which is a 9.9% year-over-year increase.
Next are Dallas and Los Angeles, both at record highs, with 163 projects/19,689 rooms and 158 projects/25,578 rooms, respectively. Houston follows with 151 projects/15,643 rooms, and Nashville with 116 projects/15,599 rooms.