Park Plaza Westminster Bridge (under construction), in London.
Cities in Europe with the largest pipelines are: London with 89 Projects/16,339 rooms, Moscow with 41 Projects/8,848 rooms and Istanbul with 35 Projects/6,284 rooms.
PORTSMOUTH, NH – The recent Europe Construction Pipeline currently has 1,062 Projects/172,063 Rooms, up 13% Year-Over-Year (YOY), according to Lodging Econometrics (LE).
There are 527 projects/91,195 rooms under construction, up 30% by projects YOY. Projects scheduled to start construction in the next 12 months are at 291 projects/44,757 rooms, up 28%, while projects in early planning at 244 projects/36,111 rooms are down 20%.
The top hotel companies in Europe’s Construction Pipeline are: Hilton Worldwide with 164 projects/26,182 rooms, Marriott International with 151 projects/26,631 rooms, and InterContinental Hotels Group (IHG) with 101 projects/17,249 rooms. The largest brands in the pipeline for each of these companies are: Hampton Inn with 68 projects/10,268 rooms, Marriott’s Moxy with 45 projects/8,677 rooms and Holiday Inn Express with 47 projects/7,634 rooms.
Cities in Europe with the largest pipelines are: London with 89 projects/16,339 rooms, Moscow with 41 projects/8,848 rooms and Istanbul with 35 projects/6,284 rooms.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
