LONDON—The Europe hotel development pipeline includes 577 hotels comprising 97,266 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.
Among the key markets, London, England, reported the largest amount of rooms in the total active pipeline with 5,154 rooms. Moscow, Russia (4,837 rooms), and Berlin, Germany (4,493 rooms), also reported a large number of rooms in the total active pipeline.
Among the Chain Scale segments, two segments each accounted for 20 percent or more of rooms in the total active pipeline: the Upscale segment (21.9 percent and 21,290 rooms) and the Economy segment (20.0 percent 19,452 rooms). The Upper Upscale segment made up 14.2 percent of the total active pipeline with 13,825 rooms and the Unaffiliated segment accounted for 14.1 percent with 13,748 rooms.
Europe pipeline by Chain Scale segment for November 2009 (number of rooms):
| Chain Scale |
Existing Supply |
In Construction |
Total Active Pipeline* |
| Luxury |
56,655 |
5,431 |
8,468 |
| Upper Upscale |
177,547 |
9,188 |
13,825 |
| Upscale |
502,697 |
10,229 |
21,290 |
| Midscale w/ F&B |
464,329 |
4,962 |
14,212 |
| Midscale w/o F&B |
84,707 |
2,148 |
6,271 |
| Economy |
242,399 |
5,936 |
19,452 |
| Unaffiliated |
1,722,607 |
7,176 |
13,748 |
| Total |
3,250,941 |
45,070 |
97,266 |
* Includes those projects in the In Construction, Final Planning and Planning phases.
About STR Global
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 and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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