According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of 2020, Europe’s hotel construction pipeline increased 2% by projects and 3% by rooms year-over-year (YOY) to end the fourth quarter with 1,905 projects and 307,093 rooms, a record high project and room count for the region. Europe’s construction pipeline has remained robust as hotel developers have purposely delayed their opening dates to await improved operating conditions.
Rooms under construction are at an all-time high of 967 projects/157,833 rooms. Projects scheduled to start construction in the next 12 months closed Q4 ’20 at 477 projects/74,481 rooms, down slightly YOY. Projects in the early planning stage stand at 461 projects, a record high project count, and 74,779 rooms.