STR Global: Europe pipeline March 2010

STR Global: Europe pipeline March 2010

The Europe hotel development pipeline comprises 657 hotels totaling 112,816 rooms, according to the March 2010 STR Global Construction Pipeline Report released this week.

The Europe hotel development pipeline comprises 657 hotels totaling 112,816 rooms, according to the March 2010 STR Global Construction Pipeline Report released this week.

Among the countries in the region the United Kingdom reported the most rooms in the total active pipeline with 25,498. The country also ended the month with the largest number of rooms in the In Construction phase with 12,519. Germany reported a substantial amount of rooms in the total active pipeline with 17,912, followed by Russia with 15,614 rooms. Germany ended the month with 7,999 rooms in the In Construction phase and Russia had 7,210 rooms.

Among the key markets in the region, London, England, reported the most rooms in the total active pipeline (8,869 rooms), as well as in the In Construction phase (4,950 rooms). Berlin, Germany, followed with 4,716 rooms in the total active pipeline and 2,035 rooms in the In Construction phase. Moscow, Russia, reported 4,211 rooms in the total active pipeline and 1,949 rooms in the In Construction phase.

The Upscale segment accounted for the largest portion of the total active pipeline (22.9 percent with 25,887 rooms) of any Chain Scale segment. Three other segments each made up more than 15 percent of the total active pipeline: Midscale with Food and Beverage (17.0 percent with 19,178 rooms); Upper Upscale (15.9 percent with 17,993 rooms); and Unaffiliated (15.6 percent with 17,558 rooms). The Midscale without Food and Beverage segment (7.2 percent with 8,111 rooms) accounted for the smallest portion of the total active pipeline.