LONDON—The Europe hotel development pipeline includes 587 hotels comprising 100,013 rooms, according to the December 2009 STR Global Construction Pipeline Report released this week.
Among the key markets, London, England, reported the most rooms in the total active pipeline with 5,794 rooms. The market also ended the month with the most rooms in the In Construction phase with 3,360 rooms. Moscow, Russia, followed with 4,837 rooms in the total active pipeline and 2,095 rooms in the In Construction phase. Berlin, Germany, reported 4,204 rooms in the total active pipeline and 1,514 rooms in the In Construction phase.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of the total active pipeline (22.1 percent) with 22,118 rooms. The Economy segment followed, making up 19.4 percent of the total active pipeline with 19,446 rooms.
Europe pipeline by Chain Scale segment for December 2009 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
56,344
|
5,112
|
9,167
|
|
Upper Upscale
|
177,940
|
9,727
|
14,315
|
|
Upscale
|
502,744
|
11,308
|
22,118
|
|
Midscale w/ F&B
|
464,976
|
4,828
|
14,078
|
|
Midscale w/o F&B
|
84,757
|
2,262
|
6,565
|
|
Economy
|
244,276
|
6,638
|
19,446
|
|
Unaffiliated
|
1,758,088
|
7,338
|
14,324
|
|
Total
|
3,289,125
|
47,213
|
100,013
|
* 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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