STR’s February 2016 Pipeline Report shows 163,826 rooms in 1,139 hotels Under Contract in Europe. The total represents a 14.9% increase in rooms Under Contract compared with February 2015 and an 8.6% year-over-year increase in rooms In Construction.
Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
The region reported 62,885 rooms in 465 hotels under construction for the month.
Among the countries in the region, the United Kingdom reported the most rooms under construction with 14,785 rooms in 178 hotels. Three additional countries reported more than 5,000 rooms under construction: Germany (9,169 rooms in 44 hotels); Turkey (8,341 rooms in 51 hotels); and Russia (7,959 rooms in 39 hotels).
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