The Europe Hotel Construction Pipeline Is up 25% With 1,186 Projects in the Total Pipeline
PORTSMOUTH, NH – The Europe Hotel Construction Pipeline Trend Report states that the Total Pipeline has 1,186 Projects/185,799 Rooms, up 25% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE).
There are 559 Projects/94,170 Rooms Under Construction, up 32% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 401 Projects/58,646 Rooms, up 70%, while projects in Early Planning at 226 Projects/32,983 Rooms are down by 23%.
The top hotel companies in Europe's Construction Pipeline are: AccorHotels with 201 Projects/24,593 Rooms, Hilton Worldwide with 166 Projects/26,269 Rooms, and Marriott International with 165 Projects/28,758 Rooms. The largest brand in the Pipeline for each of the these companies are: Accor's Ibis Styles with 47 Projects/5,693 Rooms, Hilton's Hampton Inn & Suites with 69 Projects/10,527 Rooms and Marriott's Moxy with 50 Projects/9,461 Rooms.
The top countries in the Europe Construction Pipeline are: United Kingdom with 230 Projects/35,452 Rooms, Germany with 186 Projects/36,556 Rooms, and France with 109 Projects/14,147 Rooms. Cities in Europe with the largest pipelines are: London with 83 Projects/15,029 Rooms, Paris with 39 Projects/7,131 Rooms and Moscow with 30 Projects/5,982 Rooms.
About Lodging Econometrics (LE)
For over 25 years, Lodging Econometrics (LE) has been the industry-leading provider of global hotel intelligence and decision-maker contact information. LE custom-builds business development database programs for hotel franchise companies looking to accelerate their brand growth, hotel ownership and management companies seeking to expand their real estate portfolios, and lodging industry vendors wanting to increase their sales. To learn more about our business development programs contact us: +1 603.431.8740, ext 0025 or [email protected].
