LONDON—The Europe hotel development pipeline includes 602 hotels comprising 101,704 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week.
Among the key markets, London, England, reported the largest number of rooms in the total active pipeline and in the In Construction phase with 6,223 rooms and 3,325 rooms respectively. Moscow, Russia, reported 4,757 rooms in the total active pipeline and 1,815 rooms in the In Construction phase, followed by Berlin, Germany, with 4,354 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 with 21.7 percent with 22,031 rooms. The Economy segment made up 19.2 percent of the total active pipeline with 19,513 rooms, followed by the Upper Upscale segment (14.1 percent and 14,374 rooms) and the Unaffiliated segment (14.1 percent and 14,329 rooms).
Europe pipeline by Chain Scale segment for January 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
56,827
|
5,102
|
9,267
|
|
Upper Upscale
|
188,394
|
8,639
|
14,374
|
|
Upscale
|
507,466
|
11,349
|
22,031
|
|
Midscale w/ F&B
|
444,139
|
5,199
|
14,275
|
|
Midscale w/o F&B
|
93,739
|
2,654
|
7,915
|
|
Economy
|
239,272
|
6,956
|
19,513
|
|
Unaffiliated
|
1,837,306
|
7,359
|
14,329
|
|
Total
|
3,367,143
|
47,258
|
101,704
|
* 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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