According to STR's March 2014 STR Global Construction Pipeline Report, the Europe hotel development pipeline comprises 925 hotels totaling 149,866 rooms.
Among the countries in the region, the United Kingdom reported the most rooms under construction with 11,087 rooms. Seven other countries reports more than 2,000 rooms under construction: Russia (9,140 rooms); Turkey (6,962 rooms); Germany (6,804 rooms); Poland (2,484 rooms); France (2,445 rooms); Italy (2,392 rooms); and Netherlands (2,140 rooms).
The under contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
UK, Germany and Spain are the three most attractive hotel investment destinations in Europe, with more than two-thirds (69%) of investors identifying these markets as the preferred countries for hotel investment in 2018.
The market in the Russian capital is still riding strong, gaining volume of rooms sold in most segments and rates in some. Overall, the weighted market average occupancy of the quality hotels in the Russian capital had risen 2.6 ppt.
I travel a lot. And while I'm not a proponent of spending a great deal of money for a hotel, I certainly enjoy the amenities of five-star lodging. Especially if the client is paying for it. I prefer instead, to eat and drink my way around a town.