LONDON - STR’s hotel pipeline data for Europe showed 1,654 projects accounting for 210,075 rooms in construction as of the end of January 2020. This represented a 29.4% year-over-year increase in the number of rooms in the final phase of the development pipeline.
A majority of the region’s rooms in construction are in three segments. Of those three, unaffiliated projects represented the largest percentage increase (+88.7%) in activity year over year.
1. Unaffiliated: 69,369 rooms
2. Upscale: 41,391 rooms
3. Upper Midscale: 35,508 rooms
2. Upscale: 41,391 rooms
3. Upper Midscale: 35,508 rooms
Four countries reported more than 8,000 rooms under construction. Germany led with 52,587 rooms, which represented 7.7% of the country’s existing supply, followed by the United Kingdom (41,199 rooms, 6.1% of existing supply).
1. Germany: 52,587 rooms (7.7%)
2. United Kingdom: 41,199 rooms (6.1%)
3. Spain: 26,477 rooms (3.9%)
4. Portugal: 8,785 rooms (7.0%)
2. United Kingdom: 41,199 rooms (6.1%)
3. Spain: 26,477 rooms (3.9%)
4. Portugal: 8,785 rooms (7.0%)
Middle East and Africa hotel construction down in January
STR’s January 2020 hotel pipeline data showed 419 projects accounting for 117,328 rooms in construction in the Middle East and 146 projects and 26,940 rooms in construction in Africa.
STR’s January 2020 hotel pipeline data showed 419 projects accounting for 117,328 rooms in construction in the Middle East and 146 projects and 26,940 rooms in construction in Africa.
The Middle East total represented a 7.7% year-over-year decrease in the number of rooms in the final phase of the development pipeline. The region reported an additional 31,487 rooms in the final planning stage and 52,427 rooms in planning.
The Africa room construction total was down 0.7% year over year. Africa also showed 18,234 rooms in final planning and 22,546 rooms in planning.
Between the Middle East and Africa, five countries showed more than 4,000 rooms under construction. The United Arab Emirates led with 49,559 rooms, which represented 27.5% of the market’s existing supply, followed by Saudi Arabia (40,218 rooms, 39.0% of existing supply).
1. United Arab Emirates: 49,559 rooms (27.5%)
2. Saudi Arabia: 40,218 rooms (39.0%)
3. Qatar: 14,113 rooms (50.7%)
4. Egypt: 5,710 rooms (3.4%)
5. Oman: 4,387 rooms (22.2%)
2. Saudi Arabia: 40,218 rooms (39.0%)
3. Qatar: 14,113 rooms (50.7%)
4. Egypt: 5,710 rooms (3.4%)
5. Oman: 4,387 rooms (22.2%)
Tags: STR
