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Lodging Econometrics Releases European Hotel Pipeline Data

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

European hotel projects by chain scale

  • At Q1, upper upscale and upscale projects in Europe’s hotel construction pipeline increased slightly compared to 2023 totals, up 13 percent and five percent year-over-year by projects, respectively
  • Upper upscale reached a record-high of 271 projects/45,122 rooms
  • Upscale stands at 358 projects/57,153 rooms
  • Midscale is at 305 projects/46,020 rooms
  • The last three chain scales account for 55 percent of the projects in the region’s total construction pipeline.

Aerial view of London skyline and the River Thames

The London cityscape and the River Thames

European hotel projects by country

  • The UK leads with 321 projects/45,257 rooms
  • Followed by: Germany, 180 projects/28,816 rooms; France, 130 projects/14,268 rooms; Portugal, 120 projects/15,020 rooms; and Turkey, 116 projects and a record 18,277 rooms
  • These five countries account for 51 percent of the projects and 48 percent of the rooms in the region’s total pipeline at Q1

European hotel projects by city

The European cities with the largest pipelines at the close of Q1 are: 

  • London, 80 projects/14,987 rooms
  • Istanbul, 51 projects/8,814 rooms
  • Lisbon, 37 projects/4,349 rooms
  • Dublin, 27 projects/5,254 rooms,
  • Dusseldorf, 26 projects/4,798 rooms

Future forecast

During the first quarter of 2024, 45 new hotels/5,961 rooms opened throughout Europe, with an additional 281 hotels/39,129 rooms forecast to open in Q2–Q4. LE analysts forecast a total of 326 new hotels/45,090 rooms to launch by year-end 2024.

Looking ahead, the LE forecast for new openings in Europe will rise with 367 new hotels/52,605 rooms anticipated to debut in 2025.

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