According to Lodging Econometrics’ recent Construction Pipeline Trend Report for Europe, the region’s total hotel pipeline has 951 hotels with 152,085 rooms—up 7 percent by hotels and 6 percent by rooms year-over-year.
A full 423 hotels with 74,158 rooms are currently under construction in the pipeline, up 9 percent by hotels and 7 percent by rooms year-over-year. There are 236 hotels with 37,482 rooms scheduled to start construction in the next 12 months, up 2 percent by hotels and 4 percent by rooms. Hotels in the early planning stages are up 8 percent by hotels and 6 percent by rooms for 292 hotels and 40,445 rooms.
The three cities with the largest pipelines are London with 78 hotels and 14,070 rooms, Istanbul with 35 hotels and 6,310 rooms and Moscow with 31 hotels and 7,805 rooms.
The leading franchise companies in Europe’s pipeline are Hilton Worldwide with 147 hotels (24,312 rooms), InterContinental Hotels Group with 116 hotels (20,593 rooms) and Marriott International with 80 hotels and 14,605 rooms. (Marriott’s numbers could change by Friday, however, once its merger with Starwood is complete.)