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STR: Europe hotel pipeline for December 2016

January 16, 2017 Hotel Trends No Comments Email Email

STR’s December 2016 Pipeline Report shows 155,434 rooms in 1,017 projects Under Contract in Europe. The total represents a 4.0% decrease in rooms Under Contract compared with December 2015.http://indusatryclub.com.au/

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 68,777 rooms in 442 projects In Construction for the month. Based on number of rooms, that is a 13.1% increase in year-over-year comparisons.

Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (27.2% with 42,332 rooms) and In Construction (24.7% with 16,981 rooms).

Upscale (22.7% with 15,580 rooms) was the only other segment to represent 20.0% or more of rooms In Construction.

Europe pipeline by Chain Scale (number of rooms):

Chain Scale Existing Supply In Construction Under Contract
Luxury 80,583 5,020 7,606
Upper Upscale 272,033 11,544 23,465
Upscale 533,595 15,580 34,446
Upper Midscale 423,430 16,981 42,332
Midscale 292,801 3,540 8,292
Economy 262,129 9,816 17,198
Unaffiliated 2,811,711 6,296 22,095
Total 4,676,282 68,777 155,434


Source: STR / report as of December 2016, activity reported through November 2016
Under Contract data includes those projects in the In Construction, Final Planning and Planning stages

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