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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