Europe hotel construction up 48.6% in April.
LONDON – STR’s April 2019 pipeline data showed 424 hotel projects accounting for 125,052 rooms in construction in the Middle East and 141 projects and 25,056 rooms in construction in Africa.
The Middle East total represented a 9.3% year-over-year increase in the number of rooms in the final phase of the development pipeline. The Middle East reported an additional 30,203 rooms in the final planning stage and 45,991 rooms in planning.
The Africa total room construction total was down 7.1% year over year. Africa also showed 13,854 rooms in final planning and 26,534 rooms in planning.
Between the Middle East and Africa, four countries showed more than 4,000 rooms under construction. United Arab Emirates led with 56,701 rooms, which represented 33.6% of the country’s existing supply, followed by Saudi Arabia (42,571 rooms, 42.9% of existing supply).
1. United Arab Emirates: 56,701 rooms (33.6%)
2. Saudi Arabia: 42,571 rooms (42.9%)
3. Qatar: 13,086 rooms (47.8%)
4. Oman: 4,129 rooms (21.7%)
Europe hotel construction up 48.6% in April
STR’s pipeline data for Europe showed 1,454 hotel projects accounting for 187,198 rooms in construction as of April 2019. This represented a 48.6% 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 (+119.9%) in activity year over year.
1. Unaffiliated: 57,274 rooms (+119.9%)
2. Upscale: 40,477 rooms (+34.0%)
3. Upper Midscale: 31,127 rooms (+16.1%)
Five countries reported more than 7,000 rooms under construction. Germany led with 49,901 rooms, which represented 7.6% of the country’s existing supply, followed by the United Kingdom (42,278 rooms, 6.3% of existing supply).
1. Germany: 49,901 rooms (7.6%)
2. United Kingdom: 42,278 rooms (6.3%)
3. Spain: 12,158 rooms (2.0%)
4. France: 8,715 rooms (1.6%)
5. Turkey: 7,246 rooms (2.5%)
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
