LONDON—The Europe hotel development pipeline includes 650 hotels comprising 111,031 rooms, according to the February 2010 STR Global Construction Pipeline Report released this week.
Overall, the United Kingdom ended the month with the most rooms in the total active pipeline with 23,878. Germany (19,191 rooms) and Russia (15,361 rooms) also reported a large amount of rooms in the total active pipeline.
Among the markets in the region, London, England, ended the month with the most rooms in the total active pipeline with 7,824. Berlin, Germany (4,792 rooms), and Moscow, Russia (4,357 rooms), also ended the month with a substantial number of rooms in the total active pipeline.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline with 23.5 percent or 26,045 rooms, followed by the Midscale with Food and Beverage segment with 18.5 percent or 20,584 rooms. The Unaffiliated segment (14.9 percent and 16,597 rooms) and the Upper Upscale segment (14.8 percent and 16,442 rooms) also accounted for large portions of the total active pipeline. The Midscale without Food and Beverage segment made up the smallest portion of rooms in the total active pipeline with 7.2 percent and 8,029 rooms.
Europe pipeline by Chain Scale segment for February 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
62,409
|
5,157
|
8,922
|
|
Upper Upscale
|
201,620
|
10,245
|
16,442
|
|
Upscale
|
519,147
|
15,050
|
26,045
|
|
Midscale w/ F&B
|
462,539
|
9,225
|
20,584
|
|
Midscale w/o F&B
|
93,210
|
2,827
|
8,029
|
|
Economy
|
227,604
|
4,395
|
14,412
|
|
Unaffiliated
|
2,029,109
|
9,363
|
16,597
|
|
Total
|
3,595,638
|
56,262
|
111,031
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
Note: Turkey has been moved from the Middle East/Africa region to Europe.
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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