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Europe’s Hotel Construction Pipeline Increases

According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter (Q3) of this year, Europe’s hotel construction pipeline increased seven percent by projects and 11 percent by rooms year-over-year (YOY) to end the quarter with 1,834 projects and 291,823 rooms.

Much like other regions around the world, Europe’s hotel construction pipeline is experiencing slight delays to project timelines of approximately two to four months. Even as much of Europe goes under lockdown in response to surging cases of COVID-19, forcing millions to stay home, construction remains essential and this  has kept pipeline counts steady YOY.
Rooms under construction stand at an all-time high of 151,471 rooms from 921 projects and are up 11 percent by projects and 15 percent by rooms YOY.

Projects scheduled to start construction in the next 12 months are at 478 projects/75,166 rooms, down slightly YOY. Projects in the early planning stage have 435 projects/65,186 rooms, up 13 percent and 18 percent respectively, YOY.

During the third quarter of this year, Europe opened 96 hotels/12,014 rooms, the most opened in Europe in a single quarter of the year thus far. Q3 also had a 38 increase increase in the total number of hotels that opened over Q2, a strong sign, certainly.
The UK leads the construction pipeline with 345 projects/52,065 rooms, and then Germany with 310 projects/55,930 rooms. France follows with 168 projects/20,646 rooms. Next is Portugal, at an all-time high, with 124 projects/14,430 rooms, and then Poland with 91 projects/14,282 rooms. 
The cities in Europe with the largest pipelines include London with 91 projects/16,331 rooms; Dusseldorf, at all time record counts, with 60 projects/11,510 rooms; and Paris at 41 projects/6,351 rooms. Next is Moscow with 31 projects and a room count total of 6,430. This is followed by Hamburg with 31 projects/6,313 rooms.