Examining the European hotel pipeline is a perpetual exercise in diversity and exuberance.
The Asia Pacific and Latin American regions are also diverse to be sure, though their history in the hospitality arena does not match that of Europe’s, which boasts such storied and long-time destinations as Moscow, London, Paris, Prague, Barcelona, Rome, and many others. In fact, one is hard pressed to find a single country in Western Europe that does not have a long and august history of attracting visitors and guests from throughout the rest of the world.
Perhaps it is because of this that the hotel construction pipeline for the region always seems to be so healthy and robust. The present time is no exception. Information from the TOPHOTELPROJECTS database shows that at present there are well over 1,040 total hotel projects in development in Europe.
In fact, last month the hotel pipeline in Europe for June was even demonstrating an increase over its number from this time last year, showing 169,046 rooms on the way in 1,100 hotel projects that were under contract in the region, numbers that represent a 1.75 increase over June 2016 (these numbers include projects that are at present in the construction, final planning and planning stages, but not those that are right now unconfirmed). By comparison, data shows that the pipelines for the Middle East and Africa in June 2017 remained flat compared to June 2016.
This is not to say anything negative above the pipelines in those two regions, but, rather, to emphasize how dynamic Europe’s remains. The majority of rooms coming soon in Europe also fall into the upper upscale and upscale designations, which make up more than 64 percent of forthcoming projects.
What’s most worth noting, however, are the countries that are leading the way in terms of ushering in new hotel construction. While many casual observers might assume that Italy or France would be leading the way for new rooms, that’s just not the case. Neither of those countries managed to crack the top 3, with France finishing fourth overall and Italy finishing sixth, behind Spain.
No, the top three leaders for new hotel projects in Europe were Russia at number three overall with 105 projects, the United Kingdom second with 200, and Germany way out in front with a whopping total of 340 new hotel projects.
To put that in perspective, let’s compare it briefly to the 96 hotels that are coming soon in France, long thought to be the number on tourist destination on the entire planet. Germany has more than three and a half times as many hotels under construction as does France, making them essentially in a separate tier when it comes to evaluating the future of hospitality in the two countries.
The following is a selection of three hotel projects under construction in Europe:
The new hotel rising in its place will be a Westin, the group’s first in London. It will have rooms and suites, two restaurants and a waterfront bar. In addition, there will be nine separate residential apartments.
Grace Hotels acquired La Margna, a landmark St. Moritz property, built in 1906. The renovation and extension of an annex building will transform the property into the Grace St. Moritz and St. Moritz Residences.
In the next few years, the WEV place will get a new face. Recently the real estate company WertInvest acquired the Intercontinental Hotel and not only the hotel will be renovated or even rebuilt, but the entire area is to be redesigned.
More information on Hotel Construction in Europe can be found on TOPHOTELPROJECTS, the specialized service provider in the exchange of cutting-edge information of hotel construction in the international hospitality industry.