The Europe hotel development pipeline comprises 922 hotels totalling 149,235 rooms, according to the May 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 construction with 12,056 rooms. Seven other countries reported more than 2,000 rooms under construction: Russia (9,250); Turkey (8,225); Germany (6,604); Italy (2,399); France (2,394); and Netherlands (2,362).
Please note: STR Global 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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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.
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