European hotel pipeline remains healthy in Q1

Europe’s hotel construction pipeline remains healthy in Q1 increasing 5% by projects and 6% by rooms year-over-year (YOY), according to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).

It found that Europe ended the first quarter of 2021 with 1,928 projects/310,523 rooms, a “record high” project and room count for the region.

Rooms under construction are at an “all-time high” of 1,007 projects/164,041 rooms, an increase of 15% YOY by projects and rooms. Projects scheduled to start construction in the next 12 months closed Q1‘21 at 482 projects/75,381 rooms, up slightly over the previous quarter. Conversely, projects and rooms in the early planning stage experienced a small drop in Q1’21, to end the quarter with 439 projects/71,101 rooms.

It also found that during the first quarter of 2021, 44 hotels/6,500 rooms opened throughout Europe. LE is forecasting another 331 projects/48,442 rooms to open by the end of 2021 and anticipates 440 projects/65,957 rooms to open across the region in 2022.

The UK leads the construction pipeline with a record-high room count for the country with 55,582 rooms/371 projects. Following the UK is Germany with 295 projects/54,340 rooms, then France with 177 projects/21,287 rooms. Next is Portugal with 130 projects/15,558 rooms and then Poland with 95 projects/14,366 rooms.

The cities in Europe with the largest hotel construction pipelines include London with 97 projects/17,435 rooms, Dusseldorf with 55 projects/10,915 rooms, and Paris with 47 projects/7,119 rooms. Next is Lisbon, at 38 projects/4,306 rooms, followed by Istanbul with 35 projects/6,719 rooms.

Accor Hotels leads franchise companies in Europe with the largest pipeline and record-high project and room counts, at 276 projects/39,500 rooms. Marriott International follows Accor, with 225 projects/37,097 rooms, then Hilton Worldwide with 215 projects, a record high project count, having 33,387 rooms. Next is InterContinental Hotels Group (IHG) with 154 projects/23,838rooms.

The leading brands in the pipeline are Accor Hotel’s Ibis hotels with 103 projects/12,707 rooms, followed by Hampton by Hilton with 86 projects/13,347 rooms, then Marriott’s Moxy brand with 63 projects/10,963 rooms. IHG’s Holiday Inn Express closed the quarter with 61 projects/9,541 rooms.

Please log in for access

Thanks for subscribing!

An email confirmation will be sent to your registered email address with a link for you to click on to confirm this request is genuine.  Please note that no newsletters will be sent to you until the request is confirmed.  If you do not receive the link, please check your junk folder or else contact NewsTeam@Clanalytix.com.

This website uses cookies to ensure our visitors get the best user experience and to analyse site traffic.  To continue browsing our site, please confirm your acceptance of our Privacy Policy and use of cookies.