According to the recent Construction Pipeline Trend Report for Europe from Lodging Econometrics (LE), the total pipeline has 1,008 projects/161,271 rooms, up 14 percent by projects and 13 percent by rooms year-over-year (YOY), just a few projects short of Q208 peak of 1,022 projects/172,249 rooms.
For hotels currently under construction, Europe’s Pipeline has 502 projects/87,037 rooms, up 35 percent by projects and 30 percent by rooms YOY. There are 257 projects/40,060 rooms scheduled to start construction in the next 12 months, up 17 percent by projects and 15 percent by rooms. Projects in early planning, 249 projects/34,174 rooms, are down 14 percent by projects and 18 percent by rooms.
