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Europe’s Hotel Construction Pipeline Continues to Expand in the Q1

Analysts at Lodging Econometrics (LE) report that at the close of the first quarter (Q1) of this year, Europe’s hotel construction pipeline expanded to near-record highs with 1,840 projects and 294,047 rooms, a 10 percent increase in projects and a 15 percent increase in rooms, year-over-year (YOY). 

Projects under construction stand at 878 projects, with an all-time high of 142,185 rooms; while projects scheduled to start construction in the next 12 months stand at 522 projects with a record-high 82,229 rooms.

Projects in the early planning stage have 440 projects/69,633 rooms; up significantly at 27 percent and 44 percent respectively, YOY. During the first quarter of of this year, Europe opened 84 new hotels with 10,469 rooms.

The UK leads the construction pipeline with 342 projects with an all-time high of 52,231 rooms, and then Germany with 323 projects/58,935 rooms. France follows with 172 projects/21,070 rooms. Next is Portugal with 120 projects and a record 13,049 rooms and then Poland with 92 projects/14,529 rooms. 

The cities in Europe with the largest pipelines are London with 96 projects and an all-time high 18,055 rooms, Dusseldorf at 58 projects/11,290 rooms, and Paris at 39 projects/6,108 rooms. Next is Hamburg, with 34 projects/7,294 rooms and then Lisbon with 33 projects/3,116 rooms.