More than 810 new hotels and 133 300 rooms will be built in the immediate future in Europe since they are bound by contracts terms, according to October data released by STR Global.
As www.Hotelnewsnow.com reports, October 2015 saw a 12.7% increase in the number of hotel rooms under contract compared to October 2014, and a 21.9% increase in rooms under construction, according to the October 2015 STR Pipeline Report. In total, the U.S. has 138,544 rooms in construction. Of the rooms in construction, the largest numbers are in the upscale (48,810 rooms) and upper midscale (44,897) segments.
Around the world
Other October pipeline updates from around the world include:
Middle East/Africa: There are 781 hotels totaling 195,705 rooms under contract in the Middle East/Africa region, according to the October 2015 STR Global Construction Pipeline Report. This represents a 29.1% increase in rooms under contract compared with October 2014 and a 43.1% year-over-year increase in rooms under construction. The region reported 105,177 rooms in 407 hotels under construction for the month.
Europe: There are 812 hotels totaling 133,317 rooms under contract in Europe, according to the October 2015 STR Global Construction Pipeline Report. This represents a 6.6% decrease in rooms under contract compared with October 2014 but a 0.3% year-over-year increase in rooms under construction. The region reported 54,912 rooms in 336 hotels under construction for the month.
Development resurgence
New looks for airport hotels: U.S. airport hotels are seeing a development resurgence, according to Bloomberg Business, with new upscale full-service airport projects planned in Minneapolis, New York City, Atlanta and Denver. The story cites rising demand for rooms and conference space near airports, along with passengers who have increased their expectations for airport hotels.
“Passengers in general have increased their expectations of airports,” said Kim Day, CEO of Denver International Airport. “They want higher-end shopping, better food, and they want better places to stay when they stay.”
