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STR: Europe hotel pipeline for June 2016

July 16, 2016 Hotel Trends No Comments Print Print Email Email

STR’s June 2016 Pipeline Report shows 143,825 rooms in 941 projects Under Contract in Europe. The total represents a 10.1% increase in rooms Under Contract compared with June 2015 and a 13.4% year-over-year increase in rooms In Construction.http://eventscrm.ttgasia.com/ttg2016/itcma/buyer/itcma_buyer.asp?code=GlobalTravelMedia

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 62,293 rooms in 419 projects In Construction for the month.

Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (28.7% with 41,347 rooms).

The Upscale segment accounted for highest percentage of rooms In Construction (24.2% with 15,062 rooms).

Europe pipeline by Chain Scale for June 2016 (number of rooms)

Chain Scale Existing Supply In Construction Under Contract
Luxury 81,189 3,450 6,675
Upper Upscale 265,575 11,255 22,324
Upscale 534,037 15,062 30,050
Upper Midscale 418,484 14,385 41,347
Midscale 294,135 3,964 7,851
Economy 259,078 10,166 17,076
Unaffiliated 2,802,831 4,011 18,502
Total 4,655,329 62,293 143,825

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

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