The Europe hotel development pipeline comprises 916 hotels totalling 147,592 rooms, according to the April 2014 STR Global Construction Pipeline Report. The under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
Among the Chain Scale segments, the Upscale segment accounted for the most rooms under contract with 25.0 percent and 36,881 rooms. Four other segments each accounted for more than 10 percent of rooms under contract: the Upper Midscale segment (19.3 percent with 28,483 rooms); the Unaffiliated segment (17.8 percent with 26,315 rooms); the Upper Upscale segment (14.7 percent with 21,662 rooms); and the Economy segment (10.5 percent with 15,536 rooms).
The Upscale segment made up the largest portion of rooms under construction (29.5 percent) with 17,855 rooms, followed by the Upper Upscale segment (21.7 percent with 13,148 rooms) and the Upper Midscale segment (16.3 percent with 9,897 rooms).
Please note: STR recently revised the pipeline definitions. What was formerly known as the Total Active Pipeline is now referred to as Under Contract. The Pre-Planning phase also has been renamed to the Unconfirmed phase.
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