LONDON—The Europe hotel development pipeline comprises 670 hotels totalling 117,024 rooms, according to the June 2010 STR Global Construction Pipeline Report released this week. The region reported 310 projects in the In Construction phase with 57,809 rooms.
Among the countries of the region, the United Kingdom ended the month with the largest number of rooms in the total active pipeline with 26,155 rooms, followed by Germany (17,092 rooms) and Russia (15,816 rooms). The U.K. also reported the most rooms in the In Construction phase with 11,627 rooms.
London, U.K., reported the largest number of rooms in the total active pipeline among the key markets of the region (7,922 rooms). Three other markets ended the month with more than 3,000 rooms in the total active pipeline: Berlin, Germany (4,095 rooms); Moscow, Russia (3,782 rooms); and Vienna, Austria (3,009 rooms).
Among the Chain Scale segments, the Upscale segment was the only segment to account for more than 20 percent of rooms in the total active pipeline (23.5 percent with 27, 534 rooms). Two other segments each made up more than 15 percent of rooms in the total active pipeline: the Midscale with Food and Beverage segment (17.0 percent with 19,885 rooms) and the Upper Upscale segment (16.3 percent with 19,084). The Midscale without Food and Beverage segment accounted for the smallest portion of rooms in the total active pipeline (7.0 percent with 8,206 rooms).
During 2010, 147 projects totalling 24,242 rooms are expected to open in the region.
Europe pipeline by Chain Scale segment for June2010 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
61,330
|
5,694
|
11,084
|
|
Upper Upscale
|
201,471
|
11,347
|
19,084
|
|
Upscale
|
526,744
|
14,423
|
27,534
|
|
Midscale w/ F&B
|
460,271
|
9,374
|
19,885
|
|
Midscale w/o F&B
|
91,615
|
2,754
|
8,206
|
|
Economy
|
233,738
|
4,939
|
13,962
|
|
Unaffiliated
|
2,169,750
|
9,278
|
17,269
|
|
Total
|
3,744,919
|
57,809
|
117,024
|
* 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 Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.
Media contacts:
Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318
Rachael Spann Urie
Communications Coordinator
rurie@str.com
+1 (615) 824-8664 ext. 3305
