STR: Europe prepares for guestroom increase

London tops for transactional activity

Europe has 169,046 guestrooms in 1,100 hotel projects under contract, according to STR’s June 2017 Pipeline Report. The total represents a 17.5 percent increase in rooms under contract compared with last June.

Europe reported 77,263 rooms in 495 projects under construction for the month. Based on number of rooms, that is a 24-percent increase in year-over-year comparisons.
 
Among the chain scale segments, the Upper Midscale segment accounted for the largest portion of guestrooms under contract (27.5 percent with 46,516 guestrooms). 

The Upscale segment, meanwhile, represented the largest portion of rooms in construction (25.3 percent with 19,570 guestrooms).

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The Europe pipeline by chain scale segment (number of guestrooms percent change, June 2017 vs. June 2016)

Under Contract data includes projects in the in construction, final planning and planning stages, but does not include projects in the Unconfirmed stage.

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