Europe’s Construction Pipeline Steady Showing 13 Percent Increase YOY

/Europe’s Construction Pipeline Steady Showing 13 Percent Increase YOY

Europe’s Construction Pipeline Steady Showing 13 Percent Increase YOY

|2017-07-05T14:03:34+00:00July 5th, 2017|

July 5, 2017 – PORTSMOUTH, NH

The recent Europe Construction Pipeline currently has 1,062 Projects/172,063 Rooms, up 13% Year-Over-Year (YOY), according to Lodging Econometrics (LE).

There are 527 Projects/91,195 Rooms Under Construction, up 30% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 291 Projects/44,757 Rooms, up 28%, while projects in Early Planning at 244 Projects/36,111 Rooms are down 20%.

The top hotel companies in Europe’s Construction Pipeline are: Hilton Worldwide with 164 Projects/26,182 Rooms, Marriott International with 151 Projects/26,631 Rooms, and InterContinental Hotels Group (IHG) with 101 Projects/17,249 Rooms. The largest brands in the Pipeline for each of these companies are: Hampton Inn with 68 Projects/10,268 Rooms, Marriott’s Moxy with 45 Projects/8,677 Rooms and Holiday Inn Express with 47 Projects/7,634 Rooms.

Cities in Europe with the largest pipelines are: London with 89 Projects/16,339 Rooms, Moscow with 41 Projects/8,848 Rooms and Istanbul with 35 Projects/6,284 Rooms.

About Lodging Econometrics

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.

Contact: Emily Dennison

edennison@lodgingeconometrics.com /+1 603.427.9544

Related News:

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.