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The Europe hotel development pipeline includes 587 hotels comprising 100,013 rooms, according to the December 2009 STR Global Construction Pipeline Report released this week.
Among the key markets, London, England, reported the most rooms in the total active pipeline with 5,794 rooms. The market also ended the month with the most rooms in the In Construction phase with 3,360 rooms. Moscow, Russia, followed with 4,837 rooms in the total active pipeline and 2,095 rooms in the In Construction phase. Berlin, Germany, reported 4,204 rooms in the total active pipeline and 1,514 rooms in the In Construction phase.
Among the Chain Scale segments, the Upscale segment accounted for the largest portion of the total active pipeline (22.1 percent) with 22,118 rooms. The Economy segment followed, making up 19.4 percent of the total active pipeline with 19,446 rooms.
Europe pipeline by Chain-Scale segment for December 2009 (number of rooms):
* Includes those projects in the In Construction, Final Planning and Planning phases
About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.
