UK reports most hotel rooms in construction in Europe

The UK has reported the most hotel rooms in construction in Europe with 15,643 rooms in 148 hotels in the pipeline, according to STR.

STR s August 2016 pipeline report shows Europe reported 64,454 rooms across 433 projects as in construction for the month; a 19.9% increase compared with August 2015.

150,530 rooms over 1,055 projects were under contract in Europe last month; a 15.7% increase in rooms under contract in year-on-year comparisons.

Turkish tourist arrivals plummet 40 percent in June, biggest drop in 22 years

Tourists visit the Ottoman-era Sultanahmet mosque, also known as the Blue Mosque, in Istanbul, Turkey, July 18, 2016.

Reuters/Alkis Konstantinidis ANKARA The number of foreigners visiting Turkey plummeted more than 40 percent in June, official data showed on Thursday, marking the biggest drop in at least 22 years as tensions with Russia and a series of deadly bombings kept tourists away

UK hotel prices to rise 7 per cent in 2017

Pictured: UK hotel prices are predicted to increase 7 per cent in 2017, despite a large amount of hotel openings taking place this year UK hotel prices are expected to increase 7 per cent in 2017 despite the current boom in hotel developments, with close to 8,000 rooms expected to be finished in London alone this year.