Europe Hotel Construction Pipeline Report for June 2009 Released

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(News Source: STR Global)

(LONDON, UK) -- The Europe hotel development pipeline includes 596 hotels with 94,695 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.

"We're still seeing a lot of development right now primarily in the U.K., Germany, Spain, France and Russia," said Duane Vinson, vice president of content management at STR. "Russia's one of the countries in Europe where we've seen quite a bit of development. I don't think the global recession has impacted Russia as much as its own internal issues have, so we've continued to see a lot of development in that country."

Among the key markets, Moscow, Russia, reported the largest amount of rooms in the total active pipeline (5,127), which includes those projects in the In Construction, Final Planning and Planning phases. London, England, followed with 4,968 rooms in the total active pipeline, along with Berlin, Germany (4,720 rooms).

Within the Chain-Scale segments, the Upscale segment had the highest percentage of rooms in the In Construction phase when compared to the six other segments. It made up 22.5 percent of the total rooms in the In Construction phase with 10,224 rooms. The Upper Upscale segment also accounted for a large portion of the rooms in the In Construction phase, with 20.1 percent and 9,124 rooms. The Economy segment had 7,458 rooms in the In Construction phase and made up 16.4 percent of all rooms in the In Construction phase. The Midscale-without-Food-and-Beverage segment was the only segment to make up less than 10 percent of the rooms in the In Construction phase (5.5 percent and 2,496 rooms).

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

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