Germany leads with more than 51,000 rooms under construction, followed by UK with over 40,000 >>
by: Harvey Chipkin
The hotel construction pipeline in Europe showed a 44.3% year-over-year increase in October, according to STR, the industry analysts. A majority of the region’s rooms under development are in three segments: unaffiliated projects (up 88.7%), upscale (up 30.9%) and upper midscale (up 30.6%). Four countries reported more than 8,000 rooms under construction. Germany led with 51,544 rooms, which represented 7.6% of the country’s existing supply, followed by the United Kingdom (40,867 rooms, 6% of existing supply). STR’s hotel pipeline data for the Asia -Pacific region showed 2,039 projects accounting for 450,231 rooms in construction as of October 2019. This represented a 20.7% year-over-year increase in the number of rooms in the final phase of the development pipeline. Five countries reported more than 20,000 rooms under construction. China led with 232,901 rooms, which represented 8.8% of the country’s existing supply, followed by Japan (36,532 rooms, 5.3% of existing supply).
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