STR’s September 2016 Pipeline Report shows 152,705 rooms in 1,016 projects Under Contract in Europe.
The total represents a 17.5% increase in rooms Under Contract compared with September 2015. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
Europe reported 63,325 rooms in 426 projects In Construction for the month, which is a 19.4% increase in year-over-year comparisons.
Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (27.9% with 42,601 rooms). The Upscale segment accounted for highest percentage of rooms In Construction (24.3% with 15,373 rooms).
Europe pipeline by Chain Scale (number of rooms):
|Chain Scale||Existing Supply||In Construction||Under Contract|
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 14 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England.