Europe's hotel construction pipeline up 44.3%: STR

InterContinental Berlin
The Radisson Hotel Rostock, set to open in Q3 2022, is one of Germany's in-development hotel projects. Photo credit: Radisson Hotel Group

According to STR’s latest hotel pipeline report, Europe has 1,620 hotels with 205,383 rooms under construction as of October. 

This represented a 44.3 percent year-over-year increase in the number of rooms in the final phase of the development pipeline. 

A majority of the region’s rooms under construction are in three segments. Of those three, unaffiliated projects (as-yet unbranded) represented the largest percentage increase in activity year over year, up 88.7 percent. The upscale segment, meanwhile, has 40,750 rooms underway, up 30.9 percent, while the upper-midscale segment came in third with 32,945 rooms, up 30.6 percent.

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Four countries reported more than 8,000 rooms under construction. Germany led with 51,544 rooms, which represented 7.6 percent of the country’s existing supply, followed by the United Kingdom (40,867 rooms, 6 percent of existing supply). Spain came in third with 26,166 rooms (3.9 percent), followed by France with 8,247 rooms (1.5 percent).

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