STR’s May 2016 Pipeline Report shows 145,299 rooms in 960 projects Under Contract in Europe. The total represents a 9.0% increase in rooms Under Contract compared with May 2015 and a 13.3% 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 63,759 rooms in 439 projects In Construction for the month.
Among the countries in the region, the United Kingdom reported the most rooms In Construction with 15,481 rooms in 154 hotels. Three additional countries reported more than 5,000 rooms in the construction phase: Germany (10,535 rooms in 54 hotels); Turkey (8,245 rooms in 54 hotels); and Russia (7,379 rooms in 36 hotels).
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