Europe Hotel Construction Pipeline Booming With 22% YOY Growth and Middle East Pipeline Up With 11% YOY Growth

PORTSMOUTH, NH., February 26, 2018 – In line with its surging economic recovery, a recent Hotel Construction Pipeline Trend Report for Europe states that the Total Pipeline is booming with 1,316 Projects/205,650 Rooms, up 22% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE).

There are 636 Projects/103,736 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 412 Projects/63,815 Rooms, up 45%, while projects in Early Planning at 268 Projects/38,099 Rooms are up by 2%.

The top countries in the Europe Construction Pipeline are United Kingdom with 245 Projects/37,108 Rooms, Germany with 210 Projects/39,330 Rooms, France with 122 Projects/15,318 Rooms and Russia with 87 Projects/16,653 Rooms. Cities in Europe with the largest pipelines are London with 82 Projects/14,458 Rooms, Paris with 37 Projects/6,747 Rooms, Istanbul with 31 Projects/5,620 Rooms and both with 28 projects, Frankfurt with 6,133 rooms and Munich with 5,358 rooms.

The top hotel companies in Europe’s Construction Pipeline are: AccorHotels with 215 Projects/27,876 Rooms, Marriott International with 187 Projects/31,977 Rooms, Hilton Worldwide with 177 Projects/27,709 Rooms and InterContinental Hotels Group (IHG) with 141 Projects/24,128 Rooms. The largest brand in the Pipeline for each of these companies are Accor’s Ibis Styles with 50 Projects/6,437 Rooms, Marriott’s Moxy with 60 Projects/10,752 Rooms, Hilton’s Hampton Inn & Suites with 69 Projects/10,456 Rooms and IHG’s Holiday Inn Express with 63 Projects/10,028 Rooms.

Analysts at Lodging Econometrics (LE) report that the Construction Pipeline for the Middle East is up significantly. The Total Pipeline has 573 Projects/165,938 Rooms and is up 11% by projects Year-Over-Year (YOY)

There are 348 Projects/109,027 Rooms Under Construction, up 8% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 108 Projects/28,274 Rooms, up 9%, while projects in Early Planning at 117 Projects/28,637 Rooms are up 24%.

The top hotel companies in the Middle East’s Construction Pipeline are Marriott International 96 Projects/22,559 Rooms, Hilton Worldwide with 92 Projects/25,303 Rooms, and AccorHotels with 83 Projects/26,206 Rooms. The largest brand in the Pipeline for each of these companies are Marriott’s Courtyard with 20 Projects/4,218 Rooms, Hilton’s full-service hotel with 29 Projects/10,345 Rooms and Accor’s Novotel with 14 Projects/3,870 Rooms.

The top countries in the Middle East Construction Pipeline are Saudi Arabia with 202 Projects/70,992 Rooms, United Arab Emirates with 191 Projects/54,946 Rooms and Qatar with 60 Projects/14,053 Rooms. Cities in the Middle East with the largest pipelines are Dubai, UAE with 143 Projects/40,631 Rooms, Doha, Qatar with 56 Projects/12,426 Rooms and Riyadh, Saudi Arabia with 55 Projects/10,623 Rooms.

Tags: lodging econometrics, le, hotel construction pipeline, europe hotel construction pipeline

About Lodging Econometrics
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.

Media Contact:
Emily Dennison
Email: edennison@lodgingeconometrics.com
Tel: +1 603.427.9544

Visit website: http://www.lodgingeconometrics.com/

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