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Accor Leads with 246,665 rooms; Carlson Growth Leader
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News for the Hospitality Executive |
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Europe,11 March 2011:
Following a year of restructuring forced by the global
economic crisis, chain hotel supply growth in Europe stabilises.
Rankings remain rather similar, with Accor the outright leader in the
market and Carlson showing greatest growth. Latest figures released by MKG Hospitality reveals over 23,000 new chain hotel rooms in Europe, a growth of 1.6%.  “Despite still recording positive growth, this is a slowdown compared to previous years, as there is a lag in timing. Projects are signed when market condition are good (hotel performances and financing). Since these conditions were bad during the crisis, fewer projects were signed, consequently impacting stock results in subsequent years – hotel projects normally take around two years to break ground,” explains Direct of Development, MKG Hospitality, Vanguelis Panayotis. As expected, most growth in 2011 is in the budget and economy segments, with 3,918 new rooms (or 4.1% growth) and 7,756 new rooms (3.2% growth), respectively. This is lead by Travelodge’s aggressive expansion of 58 new properties or 11% growth (35 hotels and 3,700 rooms are under construction), on track to meetings its ambitious goal of 1,100 hotels and 100,000 rooms by 2025. Other significant new stock comes from Best Western, Etap Hotel, B&B and Premier Inn. “Chain supply growth is still quite limited compared to the potential that can be achieved here in Europe. At present chain penetration rate is only 27.2%, compared to say North America’s 71.1%. So we can expect to see a lot more growth in branded supply,” adds Panayotis. With almost three times the amount of rooms than its nearest rival, Accor is still the region’s heavy weight and creeping closer to the 250,000 room milestone. 34 new All Season properties and development of Etap Hotel helping the group maintain a considerable gap. Meanwhile, greatest movement comes form Carlson Europe / Rezidor , with 19 new properties and a 10.7% increase in room supply. Despite recording a 6.8% drop in supply, Group de Louvre remains firm in fourth position. This decrease was also to be expected following integration of Golden Tulip, which increased stock considerably. German tour operator TUI balanced its portfolio of leisure hotels, reducing presence in Spain with partners Riu and Grupotel, while increasing in Greece under its brand Atlantica Hotels. Finally, Whitbread’s growth of its star chain Premier Inn continues to remain exclusively in its core market the UK.  ABOUT MKG Group Established in 1985 by Georges Panayotis, MKG Group has built a solid reputation for business expertise and substantial European-based know-how in the fields of tourism, lodging and food service. MKG Group meets the needs of each of its clients by providing valuable analytical and decision-making skills necessary for success. www.mkg-group.com |
| For further information , please contact : MKG Group - International Development Department Vanguelis Panayotis T. : +33 (0)1 56 56 87 87 [email protected] MKG Hospitality - Media Contact Michael Komodromou Tel: +44 (0)20 7624 4030 [email protected] Web: www.mkg-hospitality.com
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