LONDON—The Europe hotel development pipeline comprises 657 hotels totaling 112,816 rooms, according to the March 2010 STR Global Construction Pipeline Report released this week.
Among the countries in the region the United Kingdom reported the most rooms in the total active pipeline with 25,498. The country also ended the month with the largest number of rooms in the In Construction phase with 12,519. Germany reported a substantial amount of rooms in the total active pipeline with 17,912, followed by Russia with 15,614 rooms. Germany ended the month with 7,999 rooms in the In Construction phase and Russia had 7,210 rooms.
Among the key markets in the region, London, England, reported the most rooms in the total active pipeline (8,869 rooms), as well as in the In Construction phase (4,950 rooms). Berlin, Germany, followed with 4,716 rooms in the total active pipeline and 2,035 rooms in the In Construction phase. Moscow, Russia, reported 4,211 rooms in the total active pipeline and 1,949 rooms in the In Construction phase.
The Upscale segment accounted for the largest portion of the total active pipeline (22.9 percent with 25,887 rooms) of any Chain Scale segment. Three other segments each made up more than 15 percent of the total active pipeline: Midscale with Food and Beverage (17.0 percent with 19,178 rooms); Upper Upscale (15.9 percent with 17,993 rooms); and Unaffiliated (15.6 percent with 17,558 rooms). The Midscale without Food and Beverage segment (7.2 percent with 8,111 rooms) accounted for the smallest portion of the total active pipeline.
Europe pipeline by Chain Scale segment for March 2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
62,314
|
5,157
|
10,133
|
|
Upper Upscale
|
201,870
|
11,007
|
17,993
|
|
Upscale
|
520,887
|
14,844
|
25,887
|
|
Midscale w/ F&B
|
465,184
|
9,296
|
19,178
|
|
Midscale w/o F&B
|
91,443
|
2,969
|
8,111
|
|
Economy
|
226,127
|
4,704
|
13,956
|
|
Unaffiliated
|
2,069,282
|
9,873
|
17,558
|
|
Total
|
3,637,107
|
57,850
|
112,816
|
* 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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