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Europe’s Hotel Construction Pipeline grows in the first quarter of 2021 with the UK leading the charge

According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the start of 2021, Europe’s hotel construction pipeline increased 5% by projects and 6% by rooms year-over-year (YOY). 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, while 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.

The UK leads the construction pipeline with a record-high room count for the country with 55,582 rooms/371 projects. Following the UK 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. 

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.

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.

 During the first quarter of 2021, 44 hotels/6,500 rooms opened throughout Europe. 

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 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. 

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