STR: Europe hotel pipeline for October 2017
 
STR: Europe hotel pipeline for October 2017
15 NOVEMBER 2017 8:51 AM

Five major European markets, including London, Munich, Istanbul, Moscow and Dublin, all reported more than 3,000 rooms in construction during October.

LONDON—STR’s October 2017 Pipeline Report shows 274,743 rooms in 3,035 hotel projects Under Contract in Europe. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

As part of STR’s acquisition of AM:PM, STR’s U.K. and Ireland databases now include a number of properties that were not previously included, such as Independent hotels with fewer than 10 rooms. This resulted in a significant increase in the number of projects in the pipeline, and subsequently, year-over-year comparisons.

Europe reported 96,517 rooms in 770 projects In Construction for the month. Five key European markets reported more than 3,000 rooms In Construction:

  • London, England (7,520 rooms in 78 projects)
  • Munich, Germany (3,982 rooms in 19 projects)
  • Istanbul, Turkey (3,867 rooms in 20 projects)
  • Moscow, Russia (3,618 rooms in 16 projects)
  • Dublin, Ireland (3,152 rooms in 31 projects)

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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