Lodging Econometrics (LE) has released its Q1 2024 Hotel Construction Pipeline Trend Report for Europe. According to LE analysts, the region’s total pipeline stands at 1,705 projects/253,777 rooms at the close of the first quarter.
European hotel projects by stage
- 45 percent of the hotel projects in Europe’s total pipeline are in the under construction stage
- An additional 411 projects with 60,356 rooms are scheduled to start construction in the next 12 months
- 532 projects with 75,606 rooms are in the early planning stage, slightly below the record-high reported in Q1 2023
