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STR: European hotel rooms under contract up 13.3% YOY in November

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STR: European hotel rooms under contract up 13.3% YOY in November

The number of hotel rooms under contract in Europe increased 13.3% year over year in November, according to STR.

There were 156,368 rooms in 1,017 projects under contract in Europe in November, excluding projects in the unconfirmed stage.

Europe had 68,496 rooms in 439 projects in the construction stage in November, marking a 23.1% year-over-year jump based on number of rooms.

The U.K. had the highest number of rooms under construction in November, with 17,551 rooms in 149 hotels. Germany had 11,418 rooms under construction in 54 hotels, and Turkey and Russia had 8,369 rooms in 50 hotels and 7,452 rooms in 38 hotels, respectively.