European hotel openings set to accelerate
Europe is expected to see the opening of around 350 new hotels in 2024 as the continent’s pipeline of new properties continues to grow
Lodging Econometrics (LE) said that Europe’s total hotel pipeline stood at just more than 1,700 projects at the end of 2023, which would add more than 250,000 rooms if all these developments go ahead.
Key takeaways
- Last year saw 316 new hotels opening throughout Europe, adding just under 42,000 rooms across the continent;
- This is forecast to increase to 350 properties and 48,600 rooms in 2024 and go up further to 383 new hotels and 52,000 rooms in 2025;
- LE said that “upper upscale, upscale and upper midscale” properties were currently dominating Europe’s hotel construction pipeline.
Get the full story at Lodging Econometrics