The Olympic Games in 2020 will be held in Tokyo, Japan, and while an event of such magnitude poses real challenges, the event is likely to have a very positive impact on the Tokyo hotel market.
STR Global has been monitoring hotel performance for the Olympic host cities since Atlanta hosted the Olympic Games.
According to the July 2013 STR Global Construction Pipeline Report, the Europe hotel development pipeline comprises 813 hotels totalling 133,797 rooms.
The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Among the markets in the region, Istanbul, Turkey,.