The WPJ
Vacation Real Estate News
Europe Has 891 New Hotels Under Construction in December
According to the December 2011 STR Global Construction Pipeline Report, the European hotel development pipeline comprises 891 hotels totaling 143,484 rooms.Among the countries in the region, the U.K. ended December with the most rooms under construction, reporting 11,687 rooms.
Four other countries reported a significant number of rooms under construction: Russia (8,066 rooms); Turkey (5,227 rooms); Germany (4,969 rooms); and Italy (3,129 rooms).
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