STR Global reports Europe hotel pipeline for November 2009

The Europe hotel development pipeline includes 577 hotels comprising 97,266 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

Among the key markets, London, England, reported the largest amount of rooms in the total active pipeline with 5,154 rooms. Moscow, Russia (4,837 rooms), and Berlin, Germany (4,493 rooms), also reported a large number of rooms in the total active pipeline.

Among the Chain Scale segments, two segments each accounted for 20 percent or more of rooms in the total active pipeline: the Upscale segment (21.9 percent and 21,290 rooms) and the Economy segment (20.0 percent 19,452 rooms). The Upper Upscale segment made up 14.2 percent of the total active pipeline with 13,825 rooms and the Unaffiliated segment accounted for 14.1 percent with 13,748 rooms.