Spotlight on New Hotels

 

UK Leads Europe's Record High Hotel Construction Pipeline

New hotel rooms

During the first quarter of 2021, 44 hotels/6,500 rooms opened throughout Europe. It is a record high project and room count for the region.

Europe’s hotel construction pipeline increased 5% by projects and 6% by rooms year-over-year (YOY). Europe ends 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.

These figures are according to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE). 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 United Kingdom leads the construction pipeline with a record-high room count for the country with 55,582 rooms/371 projects. Following the U.K. 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.

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