Europe's Hotel Construction Pipeline Shows Steady Growth with Projects Up 7% and Rooms Up 6% YOY
September 20, 2016 11:30am
September 20, 2016 – PORTSMOUTH, NH
According to the recent Construction Pipeline Trend Report for Europe from Lodging Econometrics (LE), the total pipeline has 951 Projects/152,085 Rooms, up 7% by projects and 6% by rooms Year-Over-Year (YOY).
For hotels currently Under Construction, Europe’s Pipeline has 423 Projects/74,158 Rooms, up 9% by projects and 7% by rooms YOY. There are 236 Projects/37,482 Rooms Scheduled to Start Construction in the Next 12 Months, up 2% by projects and 4% by rooms. Projects in Early Planning, 292 Projects/40,445 Rooms, are up 8% by projects and 6% by rooms.
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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 Lloyd
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