LE 1H 2014 U.S. Hotel Transaction Summary
Selling Price Per Room Soars in 1H 2014. Competition Intense for High-End Assets.
Spanning two continents, Istanbul is a unique destination. This article provides an overview of the supply and demand factors currently affecting the city and a review of the hotel market performance.
Canadas hotel development pipeline comprises 227 projects totaling 24,262 rooms, according to the June 2014 STR Pipeline Report. This represents a 3.4-percent decrease in the number of rooms Under Contract compared with June 2013.
Russia, Poland and Ukraine are expected to increase their room supply by adding 18 percent (32,700 rooms) on top of their existing supply, increasing room supply across Eastern Europe, according to data from STR Globals June pipeline report. These three countries combined will account for 46 percent of Eastern Europes future room supply.
The Upscale segment also accounted for the most rooms under construction in June with 27.0 percent and 69,812 rooms, followed by the Upper Upscale segment (26.3 percent with 67,911 rooms) and the Luxury segment (17.8 percent with 46,057 rooms).