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STR Global: Europe hotel pipeline for November 2015

December 19, 2015 Hotel Trends No Comments Print Print Email Email

There are 839 hotels totalling 137,976 rooms Under Contract in Europe, according to the November 2015 STR Global Construction Pipeline Report.http://eventscrm.ttgasia.com/ttg2016/itcmchina/buyer/itcmbuyer.asp?code=GlobalTravelMedia This represents a 2.5% decrease in rooms Under Contract compared with November 2014 but a 2.0% year-over-year increase 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.

The region reported 55,623 rooms in 340 hotels under construction for the month.

Among the Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms in Under Contract (23.6% with 32,584 rooms). Three other segments each accounted for more than 15.0% of rooms in Under Contract: the Upscale segment (23.1% with 31,857 rooms); the Upper Upscale segment (15.2% with 20,960 rooms); and the Unaffiliated segment (15.1% with 20,768 rooms).

The Upscale segment made up the largest portion of rooms under construction (27.2% with 15,123 rooms), followed by the Upper Upscale segment (20.8% with 11,573 rooms) and the Upper Midscale segment (18.6% with 10,331 rooms).

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