UK shows highest hotel pipeline figures in Europe for December
The UK reported the most rooms under construction within Europe in December, with 14,121 rooms in 181 hotels, according to the STR Global Pipeline Report.
A further three countries showed more than 5,000 rooms under construction: Germany (8,369 rooms in 40 hotels); Turkey (8,128 rooms in 49 hotels); and Russia (7,933 rooms in 39 hotels).
The report highlighted 1,132 hotels totalling 161,940 rooms under contract in Europe, representing a 16.2% increase in rooms compared with December 2014. This demonstrated a 7.8% year-on-year increase in rooms under construction. The under contract data includes projects in construction, final planning and planning stages but does not include projects in the unconfirmed stage.
Europe reported 60,787 rooms in 458 hotels under construction for the month.
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