STR: Europe hotel pipeline for August 2016
LONDON -- STR's August 2016 Pipeline Report shows 150,530 rooms in 1,055 projects Under Contract in Europe. The total represents a 15.7% increase in rooms Under Contract compared with August 2015.
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 64,454 rooms in 433 projects In Construction for the month, which is a 19.9% increase in year-over-year comparisons.
Among the countries in the region, the United Kingdom reported the most rooms In Construction with 15,643 rooms in 148 hotels. Three additional countries reported more than 5,000 rooms in the construction phase: Germany (11,006 rooms in 56 hotels), Turkey (7,951 rooms in 52 hotels) and Russia (7,537 rooms in 37 hotels).
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