europe hotel construction pipeline
Forty-Five Percent of Hotel Projects in Europe’s Total Pipeline Are Under Construction at the End of Q1 2024
Lodging Econometrics (LE) | May 14, 2024
May 14, 2024 – PORTSMOUTH, NH – Lodging Econometrics (LE) has released its Q1 2024 Hotel Construction Pipeline Trend Report for Europe. According to LE analysts, the region’s total pipeline stands at 1,705 projects/253,777 rooms at the close of the first quarter. As of the first quarter's close, 45% of the hotel projects in Europe’s total pipeline are in the under construction stage, standing at 762 projects and 117,815 rooms. Another 411 projects with 60,356 rooms are scheduled to start construction in the next 12 months, while 532 projects with 75,606 rooms are in the early planning stage, slightly below the record-high reported ...
Upper Upscale Projects in Europe’s Hotel Construction Pipeline Reach Record-Highs at Q4
Lodging Econometrics (LE) | February 20, 2024
February 20, 2024 – PORTSMOUTH, NH – The recent Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the region’s total pipeline stands at 1,706 projects/254,937 rooms at the end of Q4 ‘23. At year-end, the hotel construction pipeline in Europe includes 755 projects with 115,300 rooms currently under construction, with an additional 418 projects/64,835 rooms scheduled to start construction in the next 12 months. Furthermore, 533 projects/74,802 rooms are in the early planning stage. Notably, announced renovation and conversion projects have seen a significant uptick, rising 21% in projects and...
Europe’s Hotel Construction Pipeline Shows Slight Year-Over-Year Increases in Project Counts at Q3 2023
Lodging Econometrics | November 20, 2023
November 20, 2023 – PORTSMOUTH, NH – In the Q3 2023 Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), analysts state that Europe’s total construction pipeline currently stands at 1,673 projects/249,264 rooms, up 1% by projects year-over-year (YOY). The luxury, upper upscale, upscale, and economy chain scales in Europe all show YOY increases in project counts compared to Q3 2022 totals. Luxury projects increased 2% YOY, just ten projects short of the segment’s all-time high, closing the quarter with 139 projects/18,515 rooms. The upper upscale chain scale increased 3% by projects YOY, with 284 projects/46,717 ro...
Growing Early Planning Project Counts and Increased New Project Announcements Drive Europe’s Hotel Construction Pipeline at the Q1 Close
Lodging Econometrics (LE) | May 23, 2023
May 23, 2023 – PORTSMOUTH, NH According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of the first quarter, the country’s hotel construction pipeline stands at 1,776 projects/266,901 rooms. Projects under construction stand at 814 projects/125,657 rooms, while projects scheduled to start construction in the next 12 months account for 419 projects/62,625 rooms. Projects in the early planning stage have hit a record high 543 projects with 78,619 rooms, up 17% by projects and 12% by rooms year-over-year (YOY). New project announcements experienced a he...
Major Hotel Franchises Companies Move Forward With Construction Projects in Europe Despite Economic Slowdown
Lodging Econometrics (LE) | February 15, 2023
February 15, 2023 – PORTSMOUTH, NH In the year-end 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the fourth quarter, Europe’s total construction pipeline stands at 1,711 projects/260,911 rooms. At the Q4 close, there are 784 projects/123,377 rooms currently under construction, 403 projects/60,724 rooms scheduled to start construction in the next 12 months, and projects in the early planning stage reached a record-high count of 524 projects, accounting for 76,810 rooms. Despite slowed economic growth throughout the region in 2022, Europe remains the most popu...
At Year-End 2021, Europe’s Hotel Construction Pipeline Stands at 1,824 Projects/295,152 Rooms
Lodging Econometrics | February 21, 2022
PORTSMOUTH, NH – February 21, 2022 – In the 2021 year-end Europe Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), analysts report Europe’s hotel construction pipeline stands at 1,824 projects and 295,152 rooms at the close of the fourth quarter. From 2014 through 2020, Europe’s construction pipeline experienced a steady year-over-year (YOY) increase in project totals. Starting in Q2 2021 and continuing throughout the year, this trend has been reversing with the region’s construction pipeline totals falling slightly below 2019’s year-end totals. This drop in project totals is due to development and opening...
Early Planning Projects in Europe’s Hotel Construction Pipeline Increase Year-Over-Year
Lodging Econometrics | November 17, 2021
PORTSMOUTH, NH – November 17, 2021 – According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter of 2021, Europe’s hotel construction pipeline stands at 1,814 projects and 295,719 rooms; and remains largely unchanged year-over-year (YOY). Much like other regions around the world, Europe’s hotel industry continues to face challenges created by the COVID-19 pandemic. Nevertheless, travel activity has been rebounding over recent months, a positive and welcomed step toward industry recovery. Successful vaccination programs throughout the ...
Europe Hotel Pipeline Update
STR | November 9, 2021
During “normal” years, hotel development delays are common due to construction problems, permit issues, or some other minor situation solved by bumping an opening date. In these “pandemic years,” plenty of opening delays have also come from hotels unwilling or unable to operate amid lockdown restrictions or find adequate staffing to service a property during its ramp-up. Those types of delays, along with limited cancellations of planned projects, have contributed to Europe’s hotel pipeline reaching historic highs for the next three years. At the time of writing in early November, 67,840 rooms had opened in Europe in 2021, which ...
