The Europe hotel development pipeline comprises 904 hotels totalling 145,465 rooms, according to the June 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 countries in the region, the United Kingdom reported the most rooms under contract with 41,831 rooms. Five other countries reported more than 4,000 under contract: Russia (25,024 rooms); Germany (17,653 rooms); Turkey (12,818 rooms); Italy (4,527 rooms); and France (4,306 rooms).
About STR Global
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and Hotel News Now. For more information, please visit www.strglobal.com.
Logos, product and company names mentioned are the property of their respective owners.