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STR Global Report Announces New Europe HotelsAugust 20, 2010 By: Jena Tesse Fox
Europe's hotel development scene keeps expanding, according to the July 2010 STR Global Construction Pipeline Report released this week. The pipeline comprises 678 hotels totalling 118,126 rooms, with 314 projects in the In Construction phase with 58,577 rooms.
Among the countries of the region, the United Kingdom ended the month with the largest number of rooms in the total active pipeline with 26,653 rooms, followed by Germany (16,825 rooms) and Russia (16,067 rooms). The U.K. also reported the largest number of rooms in the In Construction phase with 11,381 rooms.
London led the key markets in the region with 8,072 rooms in the total active pipeline. Three other markets reported more than 3,000 rooms in the total active pipeline: Berlin (4,095 rooms); Moscow (3,999 rooms); and Vienna (3,256 rooms).
Among the Chain Scale segments, three segments each accounted for 15 percent or more of rooms in the total active pipeline: Upscale segment (24.0 percent with 28,331 rooms); Midscale with Food and Beverage segment (16.8 percent with 19,806 rooms); and the Upper Upscale segment (16.1 percent with 18,993 rooms).