Europe’s Economic Recovery and Construction Pipeline May Face New Challenges

Lodging Econometrics | October 14, 2015

European economies have been slow to recover from the Great Recession but began to gain momentum in early 2014. Today, optimism about the economy is more tempered as the economic shockwaves from China's downturn and those of its major trade partners may threaten Europe's fledgling recovery. Overall, the investment climate has changed markedly as much of Europe is now in a reactionary mode, on the watch for further economic and political headwinds. Since early 2014 the hotel construction pipeline has experienced five consecutive quarters of modest YOY improvements and has grown to 890 Projects/143,744 Rooms (Chart 1), the highest...