LONDON -- STR's August 2017 Pipeline Report shows 177,755 rooms in 1,160 hotel projects Under Contract in Europe. The total represents an 18.1% increase in rooms Under Contract compared with August 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 75,755 rooms in 488 projects In Construction for the month. Based on number of rooms, that is a 17.5% increase in year-over-year comparisons.

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

  • United Kingdom (16,276 rooms in 131 projects)
  • Germany (13,499 rooms in 69 projects)
  • Russia (8,350 rooms in 44 projects)
  • Turkey (7,172 rooms in 42 projects)

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Alex Anstett
Media & Communications Coordinator - STR
STR