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Lodging Econometrics focus on analysing market trends Lodging Econometrics focus on analysing market trends

Europe's Hotel Construction Pipeline Continues to Rise

According to a recent Hotel Construction Pipeline Trend Report for Europe report, analysts at Lodging Econometrics state that the total pipeline is climbing steadily with 1,366 projects/214,792 rooms.

The projects reflect a 29 percent increase year-over-year. The pipeline in Europe has nearly doubled since the cyclical low of 687 projects /116,272 rooms, recorded in the third quarter of 2010.

Overall, there are 715 projects /115,869 rooms under construction, up 36 percent by projects year-over-year.

Projects scheduled to start construction in the next 12 months are at 391 projects /61,928 projects, up 35 percent. Meanwhile projects in the early planning stage are at 260 projects /36,995 rooms, up by seven percent.