STR Global reports Europe hotel pipeline for December 2010
LONDON—The Europe hotel development pipeline comprises 718 hotels totalling 120,251 rooms, according to the December 2010 STR Global Construction Pipeline Report released this week.
“The majority of hotel rooms under construction are based in the United Kingdom”, said Elizabeth Randall, managing director of STR Global.
“The U.K. is followed by Russia and Germany in second and third place. Turkey and Sweden take the remaining spots in the Top 5 European countries with rooms in the In Construction phase. The 2012 Olympic Games have fuelled the construction activities in London, where 38 percent of rooms under construction in the U.K. are located”.
Among the region’s countries, the United Kingdom reported the largest number of rooms in the In Construction phase with 14,061 rooms, followed by Russia with 7,477 rooms.
Other countries to end the month with a significant number of rooms in the In Construction phase include: Germany (5,402 rooms); Turkey (4,556 rooms); and Sweden (3,086 rooms).
