LONDON—The Europe hotel development pipeline comprises 753 hotels totalling 125,417 rooms, according to the April 2011 STR Global Construction Pipeline Report.
“Europe’s pipeline continues to grow with the most rooms to come online in 2012”, said Elizabeth Randall, managing director of STR Global. “The United Kingdom (13,271 rooms) should see one-third of the expected European openings in 2012 with an emphasis to open in the first six months of the year (7,799 rooms)”.
Year-to-date 2011, 46 projects have opened with 6,856 rooms. Overall in 2011, there are 204 more projects comprising 32,984 rooms expected to open, which would amount to a 0.8% increase in room supply for the remainder of 2011. During 2012, 257 projects are expected to open with 45,532 rooms, and in 2013 a total of 114 projects are planned to open with 21,390 rooms.
Among the Chain Scale segments, the Upscale segment is expected to open the largest number of rooms during the remainder of 2011 with 60 projects comprising 11,358 rooms, followed by the Unaffiliated segment (38 projects with 5,282 rooms), the Upper Midscale segment (29 projects with 4,116 rooms), and the Economy segment (26 projects with 3,122 rooms).
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