STR: EMEA, US, Central/South America hotel tube for Dec 2016

STR’s Dec 2016 Pipeline Report shows 155,434 bedrooms in 1,017 projects Under Contract in Europe. The sum represents a 4.0% diminution in bedrooms Under Contract compared with Dec 2015.

Under Contract information includes projects in a In Construction, Final Planning and Planning stages though does not embody projects in a Unconfirmed stage.

Europe reported 68,777 bedrooms in 442 projects In Construction for a month. Based on series of rooms, that is a 13.1% boost in year-over-year comparisons.

Among Chain Scale segments, a Upper Midscale shred accounted for a largest apportionment of bedrooms Under Contract (27.2% with 42,332 rooms) and In Construction (24.7% with 16,981 rooms).

Upscale (22.7% with 15,580 rooms) was a usually other shred to paint 20.0% or some-more of bedrooms In Construction.

Europe tube by Chain Scale (number of rooms)

Middle East and Africa hotel pipeline
STR’s Dec 2016 Pipeline Report shows 158,441 bedrooms in 555 projects Under Contract in a Middle East and 57,626 bedrooms in 309 projects Under Contract in Africa.

Under Contract information includes projects in a In Construction, Final Planning and Planning stages though does not embody projects in a Unconfirmed stage.

The Under Contract sum in a Middle East represents a 7.2% boost in bedrooms Under Contract compared with Dec 2015. Specifically in a In Construction phase, a Middle East reported 84,519 bedrooms in 264 hotels. Based on series of rooms, that is a 4.3% boost in year-over-year comparisons.

The Under Contract sum in Africa represents a 5.1% diminution in bedrooms Under Contract compared with Dec 2015. Specifically in a In Construction phase, Africa reported 29,546 bedrooms in 160 hotels. Based on series of rooms, that is a 6.3% boost in year-over-year comparisons.

Among pivotal markets in a Middle East and Africa, Makkah, Saudi Arabia (23,060 bedrooms in 14 projects), reported a many bedrooms In Construction. Dubai, United Arab Emirates (20,451 bedrooms in 69 projects), was a usually other marketplace to news some-more than 10,000 bedrooms In Construction.

A note to editors: As of 1 Mar 2016, all references to STR information and research should bring “STR” as a source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing as those names no longer fit within a updated STR brand.

US hotel pipeline
STR’s Dec 2016 Pipeline Report shows 560,199 bedrooms in 4,621 projects Under Contract in a United States. The sum represents a 19.4% boost in a series of bedrooms Under Contract compared with Dec 2015.

Under Contract information includes projects in a In Construction, Final Planning and Planning stages, though does not embody projects in a Unconfirmed stage.

In a In Construction stage, a U.S. reported 186,965 bedrooms in 1,424 projects. Based on a series of rooms, that is a 32.9% boost in year-over-year comparisons.

Among a Chain Scale segments, Upscale (61,565 bedrooms in 450 hotels) accounted for a many bedrooms In Construction followed by Upper Midscale (59,990 bedrooms in 592 hotels).

“Development trends remained a same via a year – singular use is by distant a many renouned shred for new projects with 65% of all construction activity in a U.S.,” said Bobby Bowers, STR’s comparison VP for operations. “Most of a some-more than 120,000 bedrooms set to come online in a Upscale and Upper Midscale segments are approaching to strike a marketplace in 2017, and with occupancy levels forecasted to dip, we design hoteliers to be focused in on pricing energy in a entrance months.”

Despite representing a lowest series of bedrooms in a pipeline, a Economy shred reported a largest commission boost for bedrooms Under Contract (+125.6% to 11,073 rooms).

The Upper Upscale shred reported a largest commission boost for bedrooms In Construction (+105.2% to 23,646 rooms).

“Aside from Luxury, all segments were good into double-digit construction expansion for a month,” Bowers said.

U.S. tube by Chain Scale shred (number of bedrooms % change, Dec 2016 contra Dec 2015)

Central/South America hotel pipeline
STR’s Dec 2016 Pipeline Report shows 62,861 bedrooms in 403 projects Under Contract in a Central/South America region. The sum represents a 15.1% diminution in bedrooms Under Contract compared with Dec 2015.

Under Contract information includes projects in a In Construction, Final Planning and Planning stages though does not embody projects in a Unconfirmed stage.

The shred reported 27,696 bedrooms in 169 projects In Construction for a month. Based on series of rooms, that is an 11.3% diminution in year-over-year comparisons.

Three Chain Scale segments any accounted for 20.0% or some-more of a bedrooms Under Contract in a region: Upper Upscale (20.7% with 12,996 rooms), Upscale (20.5% with 12,885 rooms) and Midscale (20.1% with 12,636 rooms).

Specifically in a In Construction phase, usually a Upscale shred (22.2% with 6,143 rooms) accounted for 20.0% or some-more of a region’s total.  

Central/South America tube by Chain Scale (number of rooms)

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