LONDON—The Europe hotel development pipeline comprises 802 hotels totalling 131,536 rooms, according to the May 2011 STR Global Construction Pipeline Report.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline at 21.7 percent of the pipeline with 28,504 rooms. Two other segments each made up more than 15 percent of rooms in the total active pipeline: the Unaffiliated segment (19.3 percent with 25,376 rooms) and the Upper Midscale segment (19.0 percent with 25,045 rooms).
Europe pipeline by Chain Scale segment for May 2011 (number of rooms):
|
Chain Scale
|
Existing Supply
|
In Construction
|
Total Active Pipeline*
|
|
Luxury
|
60,919
|
5,949
|
12,684
|
|
Upper Upscale
|
219,866
|
11,060
|
18,720
|
|
Upscale
|
520,404
|
14,350
|
28,504
|
|
Upper Midscale
|
302,179
|
10,279
|
25,045
|
|
Midscale
|
297,802
|
2,993
|
8,086
|
|
Economy
|
193,462
|
5,418
|
13,121
|
|
Unaffiliated
|
2,358,250
|
8,605
|
25,376
|
|
Total
|
3,952,882
|
58,654
|
131,536
|
* Includes those projects in the In Construction, Final Planning and Planning phases.
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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
Konstanze Auernheimer
Director of Marketing & Analysis
STR Global
KAuernheimer@strglobal.com
+44 (0)207 922 1961
