Europe pipeline up 29.4%

 Berlin, Germany
Germany leads Europe's pipeline

Hotel pipeline data for Europe showed a 29.4% year-one-year increase to 1,654 projects as of the end of January, according to STR.

Unaffiliated projects represented the largest percentage increase, with 88.7% growth in activity year-on-year.

Of the main three categories, unaffiliated accounted for 69,369 rooms, with upscale at 41,391 rooms
and upper midscale at 35,508 rooms.

Four countries reported more than 8,000 rooms under construction. Germany led with 52,587 rooms, which represented 7.7% of the country’s existing supply, followed by the UK with 41,199 rooms, or 6.1% of existing supply.

 

Read more on