The Europe hotel development pipeline comprises 818 hotels totalling 135,115 rooms, according to the March 2013 STR Global Construction Pipeline Report. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Among the key markets in the region, Manchester, United Kingdom, reported the largest expected room growth (+22.7 percent) if all 3,061 rooms in the market’s total active pipeline open. Four other markets reported significant expected room growth: Birmingham, U.K. (+17.5 percent with 1,702 rooms); Istanbul, Turkey (+14.9 percent with 5,447 rooms); London, U.K. (+14.1 percent with 16,392 rooms); and Moscow, Russia (+12.7 percent with 4,697 rooms).
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