December 15, 2016 – PORTSMOUTH, NH – According to Europe’s Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline has 1,008 Projects/161,271 Rooms, up 14% by projects and 13% by rooms Year-Over-Year (YOY), just a few projects short of Q208 peak of 1,022 Projects/172,249 Rooms. For hotels currently Under Construction, Europe’s Pipeline has 502 Projects/87,037 Rooms, up 35% by projects and 30% by rooms YOY. There are 257 Projects/40,060 Rooms Scheduled to Start Construction in the Next 12 Months, up 17% by projects and 15% by rooms. Projects in Early Planning, 249 Projects/34,174 Rooms, are down 14% by projects and 18% by rooms.
The three cities with the largest pipelines by project-count are: London with 94 Projects/17,651 Rooms, Istanbul with 35 Projects/6,222 Rooms and Moscow with 28 Projects/7,085 Rooms. The leading franchise companies in Europe’s Pipeline are: Hilton Worldwide with 141 Projects/23,117 Rooms, Marriott International with 116 Projects/20,833 Rooms and InterContinental Hotels Group (IHG) with 115 Projects/20,196 Rooms. The leading brand for each of Europe’s top three franchise companies are: Hilton’s Hampton Inn & Suites with 58 Projects/9,072 Rooms, Marriott’s Moxy with 33 Projects/6,898 Rooms and IHG’s Holiday Inn Express with 51 Projects/8,002 Rooms.
