STR Global: EMEA hotel pipeline for February

Baku-Flame-Towers

The Europe hotel development pipeline comprises 864 hotels totalling 140,114 rooms, according to the February 2014 STR Global Construction Pipeline Report. 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 region’s key markets, Manchester, England, reported the largest expected supply growth (+26.9 percent) if all 3,751 rooms in its total active pipeline open. Four other markets reported significant expected supply growth: Moscow, Russia (+23.7 percent with 9,286 rooms); Baku, Azerbaijan (+19.0 percent with 710 rooms); Istanbul, Turkey (+15.1 percent with 6,089 rooms); and London, England (+14.9 percent with 17,594 rooms).

The Middle East/Africa hotel development pipeline comprises 504 hotels totalling 122,631 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 countries in the region, Saudi Arabia reported the most rooms under construction with 17,135 rooms. Four other countries ended the month with more than 2,500 rooms under construction: United Arab Emirates (16,627 rooms); Qatar (5,633 rooms); Jordan (3,231 rooms); and Egypt (2,966 rooms).