LONDON—The Europe hotel development pipeline includes 547 hotels comprising 89,205 rooms, according to the September 2009 STR Global Construction Pipeline Report released this week.
Among the key markets, Berlin, Germany, reported the largest amount of rooms in the total active pipeline with 4,210 rooms. London, England (3,768 rooms), and Munich, Germany (2,082 rooms), also reported a large amount of rooms in the total active pipeline. Two markets ended the month with more than 1,000 rooms in the In Construction phase: London (3,172) and Berlin (1,267).
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline with 24.2 percent (21,564 rooms), followed by the Economy segment (23.1 percent and 20,629 rooms) and the Upper Upscale segment (13.6 percent and 12,092 rooms). The Midscale without Food and Beverage segment reported the smallest portion of rooms in the total active pipeline with 7.1 percent (6,299 rooms).
Europe pipeline by Chain Scale segment for September 2009 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
54,518
|
5,154
|
8,118
|
|
Upper Upscale
|
169,414
|
8,632
|
12,092
|
|
Upscale
|
503,128
|
10,933
|
21,564
|
|
Midscale w/ F&B
|
457,523
|
4,180
|
11,547
|
|
Midscale w/o F&B
|
84,327
|
2,291
|
6,299
|
|
Economy
|
246,008
|
5,780
|
20,629
|
|
Unaffiliated
|
1,640,118
|
4,675
|
8,956
|
|
Total
|
3,155,036
|
41,645
|
89,205
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
About STR & STR Global:
For more than 20 years, Smith Travel Research, Inc. (STR) has been the recognized leader for hotel industry benchmarking and research. STR and STR Global offer monthly, weekly and daily STAR benchmarking reports to more than 38,000 hotel clients, representing over 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit www.strglobal.com or www.HotelNewsNow.com.
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