europe construction pipeline
UK & Germany With the Strongest Hotel Pipelines in Europe at Q2 2023
Lodging Econometrics (LE) | August 24, 2023
August 24, 2023 – PORTSMOUTH, NH In the Q2 2023 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the region currently has 1,715 projects/256,578 rooms in its construction pipeline at the close of the quarter. There are currently 776 projects/118,400 rooms under construction. Projects scheduled to start construction in the next 12 months stand at 404 projects/61,842 rooms and those in the early planning stage stand at 535 projects/76,336 rooms. The top countries in Europe’s construction pipeline at the close of the second quarter are the United Kingdom with 322 projects/45,181 rooms, ...
Europe Continues Steady Increase in New Hotel Openings in First Half of 2022
Lodging Econometrics (LE) | August 22, 2022
August 22, 2022 – PORTSMOUTH, NH According to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the second quarter of 2022, Europe continues to show steady growth in new hotels opening in 2022, opening 188 new hotels with 28,350 rooms in the first half of the year. Continuing the upward trend in year-end total opens seen in 2020 and 2021, the region is forecast to open another 259 hotels with 36,548 rooms in the next two quarters, for a 2022 year-end forecast total of 447 new hotels/64,898 rooms. The LE forecast for new hotel openings for the next couple of years expe...
Europe’s Hotel Construction Pipeline Sees Slight Decline Year-Over-Year at the End of Q1 ‘22
Lodging Econometrics | May 26, 2022
May 26, 2022 – PORTSMOUTH, NH According to the most recent Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Europe ends 2022’s first quarter with 1,781 projects/277,290 rooms. An 8% decrease by projects and an 11% decrease by rooms year-over-year (YOY). Projects under construction stand at 875 projects/141,304 rooms, at the end of Q1 ‘22, while projects scheduled to start construction in the next 12 months stand at 443 projects/65,611 rooms. Projects in the early planning stage are at 463 projects/70,375 rooms, projects in this stage are up 5% by projects and down 1% by rooms YOY. Similar to other regions ...
Europe’s Hotel Construction Pipeline Remains Healthy and Continues to Grow in the First Quarter of 2021
Lodging Econometrics (LE) | May 25, 2021
May 25, 2021 – PORTSMOUTH, NH – According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the start of 2021, Europe’s hotel construction pipeline increased 5% by projects and 6% by rooms year-over-year (YOY). Europe ends the first quarter of 2021 with 1,928 projects/310,523 rooms, a record high project and room count for the region. As the hotel construction pipeline remains strong in Europe, vaccination rates also continue to rise and European governments are beginning to ease restrictions on travel and tourism. On May 19, the European Union (EU) announced t...
Europe’s Hotel Construction Pipeline Continues Its Expansion Amidst Economic Turbulence
Lodging Econometrics | December 16, 2019
December 16, 2019 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that in the third quarter of 2019, Europe’s hotel construction pipeline climbed to record high counts with 1,710 projects and 264,080 rooms, an 18% increase in projects and a 16% increase in rooms year-over-year (YOY). This is the seventh year of pipeline expansion for the region. This growth has been driven primarily by the substantial growth of the major global hotel companies who have acquired the brands of others or created new brands to bolster their existing portfolios throughout the last decade. Projects under construction stand at 830 projects ...
Europe’s Hotel Construction Pipeline Soars to Record Highs With Impressive Double-Digit Increases Year-Over-Year
Lodging Econometrics (LE) | September 9, 2019
September 9, 2019 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that Europe’s hotel construction pipeline soared to record high counts in the second quarter of 2019 with 1,704 projects having 260,111 rooms, for a dramatic 23% increase in projects and 19% increase in rooms year-over-year (YOY). There are currently 819 projects/128,284 rooms under construction. Projects planning to start construction in the next 12 months stand at 496 projects/76,633 rooms and those in the early planning stage at 389 projects/55,194 rooms are both at all-time highs. All chain scales showed year-over-year increases and are at or near r...
Hotel Construction Pipeline in Europe Shows Double-Digit Growth
Lodging Econometrics | August 29, 2018
Lodging Econometrics' (LE) analysts report another year of accelerating growth for Europe's hotel construction pipeline which is at the highest level since LE began recording in 2007. The total pipeline stands at 1,388 projects/219,251 rooms for the second quarter of 2018. It is an impressive 18% increase year-over-year (YOY). There are 693 projects/112,580 rooms currently under construction, 403 projects/62,538 rooms planning to start construction in the next 12 months, and 292 projects/44,133 rooms in the early planning stage. Projects currently under construction and those in early planning are also at their highest since 200...
Germany Leads Europe’s Hotel Construction Pipeline; London Ranks as Top City
Lodging Econometrics (LE) | June 5, 2018
June 5, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), the top countries in the Europe Construction Pipeline by project count are: Germany with 246 Projects/47,927 Rooms, United Kingdom with 246 Projects/36,585 Rooms, and France with 121 Projects/13,618 Rooms. Next, all with 80 projects, is Russia with 80 Projects/15,520 Rooms, Poland with 80 Projects/12,468 Rooms, and Portugal with 80 Projects/8,310 Rooms. These three countries are followed closely by Spain with 79 Projects/11,457 Rooms and Turkey with 70 Projects/11,278 Rooms. Cities in Europe with the largest pipelines by room count are...
