STR Global: Europe pipeline for August 2010
The Europe hotel development pipeline comprises 699 hotels totalling 120,266 rooms, according to the August 2010 STR Global Construction Pipeline Report released this week. The region reported 311 projects in the In Construction phase with 57,526 rooms.
Among the key markets in the region, London, U.K., ended the month with the most rooms in the total active pipeline (8,394) and in the In Construction phase (3,682), followed by Berlin, Germany, with 4,622 rooms in the total active pipeline and 2,408 rooms in the In Construction phase.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline with 24.4 percent and 29,342 rooms. Three other segments each made up more than 15% of rooms in the total active pipeline: the Midscale with Food and Beverage segment (16.1 percent and 19,363 rooms); the Upper Upscale segment (15.6 percent and 18,703 rooms); and the Unaffiliated segment (15.1 percent and 18,158 rooms).
Rachael Spann Urie
Phone: +1 (615) 824-8664 ext. 3305
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STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to thehotel 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, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.