Development

STR Global Reports Europe Hotel Pipeline for November 2009

- The Europe hotel development pipeline includes 577 hotels comprising 97,266 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

Among the key markets, London, England, reported the largest amount of rooms in the total active pipeline with 5,154 rooms. Moscow, Russia (4,837 rooms), and Berlin, Germany (4,493 rooms), also reported a large number of rooms in the total active pipeline.

Among the Chain Scale segments, two segments each accounted for 20 percent or more of rooms in the total active pipeline: the Upscale segment (21.9 percent and 21,290 rooms) and the Economy segment (20.0 percent 19,452 rooms). The Upper Upscale segment made up 14.2 percent of the total active pipeline with 13,825 rooms and the Unaffiliated segment accounted for 14.1 percent with 13,748 rooms.

Europe pipeline by Chain-Scale segment for November 2009 (number of rooms):

* Includes those projects in the In Construction, Final Planning and Planning phases

About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.

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