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STR: Europe hotel pipeline for June 2017

July 15, 2017 Hotel Trends No Comments Email Email

STR’s June 2017 Pipeline Report shows 169,046 rooms in 1,100 hotel projects Under Contract in Europe. The total represents a 17.5% increase in rooms Under Contract compared with June 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 77,263 rooms in 495 projects In Construction for the month. Based on number of rooms, that is a 24.0% increase in year-over-year comparisons.

Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (27.5% with 46,516 rooms). The Upscale segment represented the largest portion of rooms In Construction (25.3% with 19,570 rooms).

Europe pipeline by Chain Scale segment (number of rooms % change, June 2017 vs. June 2016):

Chain Scale In Construction % Change Under Contract % Change
Luxury 5,347 +55.0% 8,740 +30.9%
Upper Upscale 15,524 +33.5% 26,839 +15.2%
Upscale 19,570 +30.8% 36,482 +24.3%
Upper Midscale 16,954 +19.5% 46,516 +13.0%
Midscale 3,291 -15.3% 9,361 +20.5%
Economy 9,647 -5.1% 16,911 -1.0%
Unaffiliated 6,930 +72.8% 24,197 +30.8%
Total 77,263 +24.0% 169,046 +17.5%

Source: STR / report as of June 2017, activity reported through May 2016

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