STR’s September 2016 Pipeline Report shows 152,705 rooms in 1,016 projects Under Contract in Europe. The total represents a 17.5% increase in rooms Under Contract compared with September 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 63,325 rooms in 426 projects In Construction for the month, which is a 19.4% increase in year-over-year comparisons.
Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (27.9% with 42,601 rooms). The Upscale segment accounted for highest percentage of rooms In Construction (24.3% with 15,373 rooms).
Europe pipeline by Chain Scale (number of rooms):
|Chain Scale||Existing Supply||In Construction||Under Contract|
Source: STR / report as of September 2016, activity reported through August 2016
Under Contract data includes those projects in the In Construction, Final Planning and Planning stages