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European Hotel Development Pipeline For October 2014 at 905 Hotels

The Europe hotel development pipeline comprises 905 hotels totalling 142,785 rooms, according to the October 2014 STR Global Construction Pipeline Report.


The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. Year-to-date 2014, 391 hotels with 61,961 rooms have opened in Europe. In the remainder of the year, 74 more hotels with 8,412 rooms are planned to open. The Upper Midscale segment (19 hotels with 1,973 rooms) and the Economy segment (14 hotels with 1,933 rooms) are expected to open the most rooms. In 2015, 235 hotels with 36,788 rooms are expected to open.

The Upscale segment is planning to add 10,399 rooms within 60 hotels, the most rooms of all the Chain Scale segments. Three other segments are expecting to add more than 5,000 rooms in 2015: the Upper Midscale segment (6,224 rooms within 41 hotels); the Upper Upscale segment (5,583 rooms within 27 hotels); and the Economy segment (5,045 rooms within 30 hotels).

 About STR Global STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics, and Hotel News Now. For more information, please visit www.strglobal.com.