In the UK, hotel construction activity reached £2.5 billion in Q4 2016 (up 2.4% q-o-q), marking the second consecutive increase over the quarter. JLL believes that further depreciation of the pound against the dollar and euro is likely to be good news for the hotel industry, making the UK a more affordable place to visit. According to data from STR, almost 40,000 new hotel rooms opened in Europe last year, with c. 69,000 currently under construction. Most construction activity has been concentrated in the upper midscale segment of the market, securing around 25% of all construction projects, followed by the upscale segment at 23%. JLL predicts that this trend is set to continue. Get the full story at Hospitality.Net Read also "Marriott Outlines Plans for European Growth" at BTN