STR: Europe hotel pipeline for May 2017
 
STR: Europe hotel pipeline for May 2017
14 JUNE 2017 8:43 AM

In May, Europe reported 77,360 rooms in 487 hotel projects in construction, according to STR.

LONDON—STR’s May 2017 Pipeline Report shows 167,543 rooms in 1,074 hotel projects Under Contract in Europe. The total represents a 15.3% increase in rooms Under Contract compared with May 2016.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

Europe reported 77,360 rooms in 487 projects In Construction for the month. Based on number of rooms, that is a 21.3% increase in year-over-year comparisons.

Four European countries reported more than 5,000 rooms In Construction:

  • United Kingdom (15,119 rooms in 114 projects)
  • Germany (13,415 rooms in 66 projects)
  • Turkey (8,280 rooms in 51 projects)
  • Russia (8,061 rooms in 42 projects)

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.