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Five European countries reported more than 3,000 hotel rooms in construction

Staff Writer |
STR’s October 2017 Pipeline Report shows 274,743 rooms in 3,035 hotel projects Under Contract in Europe.

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

As part of STR’s acquisition of AM:PM, STR’s U.K. and Ireland databases now include a number of properties that were not previously included, such as Independent hotels with fewer than 10 rooms.

This resulted in a significant increase in the number of projects in the pipeline, and subsequently, year-over-year comparisons.

Europe reported 96,517 rooms in 770 projects In Construction for the month. Five key European markets reported more than 3,000 rooms In Construction:

- London, England (7,520 rooms in 78 projects)
- Munich, Germany (3,982 rooms in 19 projects)
- Istanbul, Turkey (3,867 rooms in 20 projects)
- Moscow, Russia (3,618 rooms in 16 projects)
- Dublin, Ireland (3,152 rooms in 31 projects).

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