STR Global Reports Europe Hotel Pipeline for January 2010
The Europe hotel development pipeline includes 602 hotels comprising 101,704 rooms, according to the January 2010 STR Global Construction Pipeline Report released this week.
Among the key markets, London, England, reported the largest number of rooms in the total active pipeline and in the In Construction phase with 6,223 rooms and 3,325 rooms respectively. Moscow, Russia, reported 4,757 rooms in the total active pipeline and 1,815 rooms in the In Construction phase, followed by Berlin, Germany, with 4,354 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 with 21.7 percent with 22,031 rooms. The Economy segment made up 19.2 percent of the total active pipeline with 19,513 rooms, followed by the Upper Upscale segment (14.1 percent and 14,374 rooms) and the Unaffiliated segment (14.1 percent and 14,329 rooms).
Europe pipeline by Chain-Scale segment for January 2010 (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.
