There are 636 Projects/103,736 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 412 Projects/63,815 Rooms, up 45%, while projects in Early Planning at 268 Projects/38,099 Rooms are up by 2%.
The top countries in the Europe Construction Pipeline are: United Kingdom with 245 Projects/37,108 Rooms, Germany with 210 Projects/39,330 Rooms, France with 122 Projects/15,318 Rooms and Russia with 87 Projects/16,653 Rooms. Cities in Europe with the largest pipelines are: London with 82 Projects/14,458 Rooms, Paris with 37 Projects/6,747 Rooms, Istanbul with 31 Projects/5,620 Rooms and both with 28 projects, Frankfurt with 6,133 rooms and Munich with 5,358 rooms.
The top hotel companies in Europe’s Construction Pipeline are: AccorHotels with 215 Projects/27,876 Rooms, Marriott International with 187 Projects/31,977 Rooms, Hilton Worldwide with 177 Projects/27,709 Rooms and InterContinental Hotels Group (IHG) with 141 Projects/24,128 Rooms. The largest brand in the Pipeline for each of the these companies are: Accor’s Ibis Styles with 50 Projects/6,437 Rooms, Marriott’s Moxy with 60 Projects/10,752 Rooms, Hilton’s Hampton Inn Suites with 69 Projects/10,456 Rooms and IHG’s Holiday Inn Express with 63 Projects/10,028 Rooms.
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Lodging Econometrics (LE) is the lodging industry”s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients” business goals into timely opportunities.
