Europe's Hotel Construction Pipeline Up 22% Led by AccorHotels
December 4, 2017 1:30pm
December 4, 2017 – PORTSMOUTH, NH – A recent Hotel Construction Pipeline Trend Report for Europe states that the Total Pipeline has 1,228 Projects/189,490 Rooms, up 22% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE).
There are 586 Projects/95,775 Rooms Under Construction, up 17% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 388 Projects/58,008 Rooms, up 51%, while projects in Early Planning at 254 Projects/35,707 Rooms are up by 2%.
The top countries in the Europe Construction Pipeline are: United Kingdom with 228 Projects/34,614 Rooms, Germany with 185 Projects/36,221 Rooms, and France with 116 Projects/14,672 Rooms.
Cities in Europe with the largest pipelines are: London with 79 Projects/14,234 Rooms, Paris with 37 Projects/6,748 Rooms and Moscow with 28 Projects/5,541 Rooms.
The top hotel companies in Europe’s Construction Pipeline are: AccorHotels with 213 Projects/26,994 Rooms, Hilton Worldwide with 166 Projects/25,956 Rooms, and Marriott International with 163 Projects/27,993 Rooms. The largest brand in the Pipeline for each of the these companies are: Accor’s Ibis Styles with 49 Projects/6,126 Rooms, Hilton’s Hampton Inn & Suites with 68 Projects/10,189 Rooms and Marriott’s Moxy with 51 Projects/9,290 Rooms.
Tags: lodging econometrics,
europe construction pipeline,
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
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