Published on : Friday, February 15, 2013
The Europe hotel development pipeline comprises 869 hotels totalling 145,303 rooms, according to the January 2013 STR Global Construction Pipeline Report. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Among the major markets in the region, Istanbul, Turkey, reported the largest number of rooms under construction in January with 4,228 rooms. Five other markets reported more than 1,000 rooms under construction: Moscow, Russia (2,523 rooms); London, United Kingdom (2,181 rooms); Berlin, Germany (2,077 rooms); Amsterdam, Netherland (1,775 rooms); and Vienna, Austria (1,061 rooms).