Lodging Econometrics | June 04, 2018
June 4, 2018 – PORTSMOUTH, NH According to a recent Hotel Construction Pipeline Trend Report for Europe, analysts at Lodging Econometrics state that the Total Pipeline is climbing steadily with 1,366 Projects/214,792 Rooms, a 29% increase by projects Year-Over-Year (YOY). The pipeline in Europe has nearly doubled since the cyclical low of 687 Projects/116,272, recorded in Q3 of 2010.
There are 715 Projects/115,869 Rooms Under Construction, up 36% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 391 Projects/61,928 Rooms, up 35%, while projects in Early Planning are at 260 Projects/36,995 Rooms are up by 7%.
