The recent Europe construction pipeline currently has 1,062 hotels and 172,063 guestrooms, up 13 percent year-over-year, according to the latest report from Lodging Econometrics.
There are 527 projects and 91,195 rooms under construction, up 30 percent by hotel projects year-over-year. Projects scheduled to start construction in the next 12 months are at 291 projects and 44,757 guestrooms, up 28 percent. Meanwhile, projects in the early planning stage are at 244 projects and 36,111 guestrooms, down 20 percent.
Top Companies, Top Brands, Top Cities
The top hotel companies in Europe’s construction pipeline are: Hilton with 164 hotels and 26,182 guestrooms, Marriott International with 151 hotels and 26,631 guestrooms and InterContinental Hotels Group with 101 hotels and 17,249 guestrooms. The largest brands in the pipeline for each of these companies are Hampton Inn with 68 hotels and 10,268 guestrooms, Marriott’s Moxy with 45 hotels and 8,677 guestrooms and Holiday Inn Express with 47 hotels and 7,634 guestrooms.
Hampton by Hilton has seven hotels in its pipeline scheduled to open this year. The Hampton by Hilton Hamburg City Center will open at the end of this month. Soon after, Hampton by Hilton London Stansted Airport, Hampton by Hilton Humberside Airport and Hampton by Hilton Iasi, Romania will open in August. In September, Hampton by Hilton Freiburg, Germany and Hampton by Hilton Lublin, Poland will is slated to open, and the Hampton by Hilton Edinburgh West End will open in at the end of October.
Cities in Europe with the largest pipelines are London with 89 hotels and 16,339 guestrooms, Moscow with 41 hotels and 8,848 guestrooms and Istanbul with 35 hotels and 6,284 guestrooms.