LONDON—There are 805 hotels totalling 130,652 rooms Under Contract in Europe, according to the June 2015 STR Global Construction Pipeline Report. This represents a 10.2-percent decrease in rooms Under Contract compared with June 2014 and a 7.6-percent 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.
The region reported 54,943 rooms in 341 hotels under construction for the month.
Among the countries in the region, the United Kingdom reported the most rooms under construction with 10,425 rooms in 72 hotels. Three other countries reported more than 5,000 rooms under construction: Turkey (8,906 rooms in 51 hotels); Russia (8,554 rooms in 45 hotels); and Germany (6,827 rooms in 41 hotels).
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