STR’s November 2016 Pipeline Report shows 156,368 rooms in 1,017 projects Under Contract in Europe. The total represents a 13.3% increase in rooms Under Contract compared with November 2015.
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 68,496 rooms in 439 projects In Construction for the month. Based on number of rooms, that is a 23.1% increase in year-over-year comparisons.
Among the countries in the region, the United Kingdom reported the most rooms In Construction with 17,551 rooms in 149 hotels. Three additional countries reported more than 5,000 rooms In Construction: Germany (11,418 rooms in 54 hotels), Turkey (8,369 rooms in 50 hotels) and Russia (7,452 rooms in 38 hotels).