There are 800 hotels totalling 130,093 rooms Under Contract in Europe, according to the August 2015 STR Global Construction Pipeline Report. This represents an 8.8% decrease in rooms Under Contract compared with August 2014 and a 5.9% year-over-year decrease in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in Under Contract (25.3% with 32,900 rooms). Two other segments each accounted for more than 15.0% of rooms in Under Contract: the Upper Midscale segment (23.2% with 30,163 rooms) and the Unaffiliated segment (15.8% with 20,540 rooms).
The Upscale segment also made up the largest portion of rooms under construction (30.9% with 16,628 rooms), followed by the Upper Midscale segment (19.4% with 10,426 rooms) and the Upper Upscale segment (17.6% with 9,447 rooms).