Europe hotel pipeline for December 2015 released
There are 1,132 hotels totalling 161,940 rooms Under Contract in Europe, according to the December 2015 STR Global Pipeline Report. This represents a 16.2% increase in rooms Under Contract compared with December 2014 and a 7.8% 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 60,787 rooms in 458 hotels under construction for the month.
Among the countries in the region, the United Kingdom reported the most rooms under construction with 14,121 rooms in 181 hotels. Three other countries reported more than 5,000 rooms under construction: Germany (8,369 rooms in 40 hotels); Turkey (8,128 rooms in 49 hotels); and Russia (7,933 rooms in 39 hotels).