Hotel pipeline - Hotel under contract in April 2015 - Source STR

There are 654 hotels totalling 150,762 rooms Under Contract in the Middle East/Africa region, according to the April 2015 STR Global Construction Pipeline Report. This represents a 9.4-percent increase in rooms Under Contract compared with April 2014 and a 21.6-percent year-over-year increase in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The region reported 78,824 rooms in 332 hotels under construction for the month.

Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms in the Under Contract stage, 34.6 percent with 52,234 rooms. Two other segments each accounted for more than 15.0 percent of rooms Under Contract: Upscale (21.8 percent with 32,877 rooms) and Luxury (18.8 percent with 28,300 rooms).

The Upper Upscale segment made up the largest portion of rooms under construction, 38.0 percent with 29,915 rooms. Two other segments each accounted for more than 20.0 percent of rooms In Construction: Luxury (21.1 percent with 16,642 rooms) and Upscale (20.3 percent with 15,985 rooms).

Europe hotel pipeline for April 2015
There are 857 hotels totalling 138,152 rooms Under Contract in Europe. This represents a 6.4-percent decrease in rooms Under Contract compared with April 2014 and a 3.6-percent year-over-year decrease in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The region reported 58,372 rooms in 360 hotels under construction for the month.

Among the region’s key markets, Istanbul, Turkey, reported the most rooms under construction with 4,902 rooms in 24 hotels. Three other markets reported more than 3,000 rooms under construction: Greater London, England (4,440 rooms in 26 hotels); Moscow, Russia (3,103 rooms in 13 hotels); and Greater Amsterdam, Netherlands (3,026 rooms in 11 hotels). - See more at: http://www.traveldailynews.com/news/article/66193/str-global-emea-us-central-south#sthash.nxdvFuR6.dpuf


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The Luxury segment accounted for the largest portion of rooms In Construction at 36.2 percent with 4,240 rooms. Two other segments each accounted for more than 15.0 percent of rooms In Construction: Upper Midscale (17.9 percent with 2,102 rooms) and Upscale (17.1 percent with 2,008 rooms).