UK leads European hotel construction pipeline

There are 794 hotels totalling 129,953 rooms Under Contract in Europe, according to the latest data compiled by STR Global.

In terms of rooms under construction, the UK leads the way with 8,871 rooms in 58 hotels. The region reported 53,015 rooms in 326 hotels under construction for the month.
According to the September 2015 STR Global Construction Pipeline report, there was a 7.9% decrease in rooms Under Contract compared with September 2014 and a 1.7% year-over-year decrease in rooms under construction.

The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

Three other countries reported more than 5,000 rooms under construction: Turkey (8,610 rooms in 51 hotels); Russia (8,088 rooms in 42 hotels); and Germany (6,363 rooms in 33 hotels).

sourced:traveldailymedia.com