STR’s January 2017 Pipeline Report shows 163,648 rooms in 1,038 hotel projects Under Contract in Europe.
The total represents a 2.2% decrease in rooms Under Contract compared with January 2016.Under Contract
data includes projects in the In Construction, Final Planning and Planning stages but does not include
projects in the Unconfirmed stage.Europe reported 71,365 rooms in 441 projects In Construction for the
month. Based on number of rooms, that is a 14.7% increase in year-over-year comparisons.Five key markets
reported more than 2,000 rooms In Construction: