STR Reports Latest Hotel Development Pipeline for Europe

According to the July 2013 STR Global Construction Pipeline Report, the Europe hotel development pipeline comprises 813 hotels totalling 133,797 rooms.

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 markets in the region, Istanbul, Turkey, reported the largest number of rooms under construction with 4,273 rooms.

Six other markets reported more than 1,000 rooms under construction: London, United Kingdom (3,715 rooms); Berlin, Germany (2,768 rooms); Moscow, Russia (1,955 rooms); Amsterdam, Netherlands (1,808 rooms); Vienna, Austria (1,632 rooms); and Madrid, Spain (1,242 rooms).