The projects reflect a 29 percent increase year-over-year. The pipeline in Europe has nearly doubled since the cyclical low of 687 projects /116,272 rooms, recorded in the third quarter of 2010.
Overall, there are 715 projects /115,869 rooms under construction, up 36 percent by projects year-over-year.
Projects scheduled to start construction in the next 12 months are at 391 projects /61,928 projects, up 35 percent. Meanwhile projects in the early planning stage are at 260 projects /36,995 rooms, up by seven percent.
