Europe's Construction Pipeline Steady Showing 13 Percent Increase YOY
July 5, 2017 1:03pm
July 5, 2017 – PORTSMOUTH, NH
The recent Europe Construction Pipeline currently has 1,062 Projects/172,063 Rooms, up 13% Year-Over-Year (YOY), according to Lodging Econometrics (LE).
There are 527 Projects/91,195 Rooms Under Construction, up 30% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 291 Projects/44,757 Rooms, up 28%, while projects in Early Planning at 244 Projects/36,111 Rooms are down 20%.
The top hotel companies in Europe’s Construction Pipeline are: Hilton Worldwide with 164 Projects/26,182 Rooms, Marriott International with 151 Projects/26,631 Rooms, and InterContinental Hotels Group (IHG) with 101 Projects/17,249 Rooms. The largest brands in the Pipeline for each of these companies are: Hampton Inn with 68 Projects/10,268 Rooms, Marriott’s Moxy with 45 Projects/8,677 Rooms and Holiday Inn Express with 47 Projects/7,634 Rooms.
Cities in Europe with the largest pipelines are: London with 89 Projects/16,339 Rooms, Moscow with 41 Projects/8,848 Rooms and Istanbul with 35 Projects/6,284 Rooms.
Tags: europe construction pipeline,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
Canada's Construction Pipeline Is on the Upswing
China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
Asia Pacific Construction Pipeline Excluding China Remains Steady With Projects Up 1% YOY
U.S. Hotel Supply Forecast for 2017 Shows 22 Percent Increase Over Total Number of Openings Last Year
Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms
Marriott Takes Top Spot for Franchise Companies with Most Rooms in Construction Pipeline Trend Report
New York Has the Most New Hotel Openings Forecasted for 2017 & Marriott Has Largest Construction Pipeline
United States Construction Pipeline Continues Moderate Growth with Hotel Projects Up 13 Percent YOY
Global Construction Pipeline Shows Steady Increase with Projects Up by 6 Percent YOY for 2016
Asia Pacific Pipeline Continues Moderate Decline with Projects Down 2 Percent YOY
New York Boasts Largest Hotel Construction Pipeline in U.S. at Year-End 2016
Moderate Growth Continues in the Hotel Construction Pipeline with Projects Up by 12% YOY
Hotel Construction Pipeline in Latin America is Steady with 892 Projects, Up 3 Percent YOY
Marriott Takes Top Spot Leading Franchise Companies in Global Hotel Construction Pipeline with 2,021 Projects
Dubai Tops List for Largest Construction Pipeline in Middle East with 110 Projects /31,555 Rooms
Global Hotel Construction Pipeline Shows Modest Growth, Up 6 Percent by Projects YOY
Seoul Remains Top City for Hotel Construction Pipeline in Asia Pacific with 159 Projects
Los Angeles Has More Pipeline Rooms in Early Planning Than Any Other Market
Sao Paulo Leads Latin America's Hotel Construction Pipeline with 38 Projects Followed by Campinas, Brazil and Rio de Janeiro
The Middle East's Top Three Cities with Largest Construction Pipelines are Dubai; Riyadh, Saudi Arabia; and Doha, Qatar
Please login or register to post a comment.