Construction Pipeline Europe

European Hotel Development Pipeline For March 2015 Up 7.2% over 2014

There are 868 hotels totalling 139,057 rooms Under Contract in Europe, according to the March 2015 STR Global Construction Pipeline Report.

STR Global There are 868 hotels totalling 139,057 rooms Under Contract in Europe, according to the March 2015 STR Global Construction Pipeline Report. This represents a 7.2-percent year-over-year decrease in rooms Under Contract compared with March 2014 and a 4.1-percent decrease in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The region reported 59,194 rooms in 364 hotels under construction for the month.

Among the countries in the region, the United Kingdom reported the most rooms under construction with 11,542 rooms in 80 hotels. Three other countries reported more than 5,000 rooms under construction: Russia (9,735 rooms in 51 hotels); Turkey (8,970 rooms in 52 hotels); and Germany (6,183 rooms in 37 hotels).


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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, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.



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