Hotel Construction Europe Report
HOTEL CONSTRUCTION EUROPE REPORT December 2019 REGION OVERVIEW In total Europe has currently 1,495 hotel projects in the pipeline with almost 258,200 hotel rooms. 2 PROJECT CATEGORIES 70% of all 1,495 hotel projects that are currently arising in Europe will be 4 star hotels. FIRST CLASS LUXURY 1,053 Projects 442 Projects 185,193 Rooms 72,945 Rooms YEAR OF OPENING In 2019 359 new hotels have opened their doors all over Europe. Looking at 2020 more than 33% of all current registered projects are scheduled to celebrate their inauguration. Leading countries in terms of expected openings in 2020 are the United Kingdom with 113 projects, Germany with 106 projects and France is looking forward to add 34 new hotels to their current hotel portfolio. 2020 2021 2022 2023 2024+ 505 Projects 337 Projects 157 Projects 74 Projects 422 Projects 83,458 Rooms 57,271 Rooms 30,258 Rooms 14,947 Rooms 72,204 Rooms 4 CONSTRUCTION PHASE The 1,495 hotel projects in Europe are separated in five different phases due to their construction progress. 42% of all projects are currently in planning and 37% are under construction. The 102 hotels which are currently in the pre-opening phase are expected to celebrate their inauguration within the next six months. VISION PRE-PLANNING PLANNING UNDER CONSTUCTION PRE-OPENING 24 Projects 192 Projects 627 Projects 550 Projects 102 Projects 1,981 Rooms 31,405 Rooms 112,109 Rooms 97,030 Rooms 15,613 Rooms 5 COUNTRY PROJECTS ROOMS 1. United Kingdom 332 47,890 TOP 10 2.
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