In October, Germany reclaimed the top spot for rooms under construction in Europe, coming out ahead of the UK, according to the latest data from the TOPHOTELCONSTRUCTION database, which is one of the hospitality industry’s best barometers of hotel room construction and growth.
Through October, Europe had a total of 1,458 new hotel properties under construction, with Germany leading the way with 379 new hotel projects, which equates to roughly 26 percent of the total new hotels that are coming soon in Europe. This makes Germany a major player in the European hospitality market by pretty much any metric. Indeed, more nuanced information from the TOPHOTELCONSTRUCTION database certainly backs up this notion of Germany being the new market leader for the European region.
In fact, a recent report about the most active hotel project pipelines in Europe shows that the next closest country to Germany in the region is the United Kingdom, where there are currently a total of 263 hotel projects in the pipeline. And the United Kingdom is somewhat of an outlier. Formerly the most busy hospitality market in the region, it has as of late taken more of a backseat, but it’s still the most competitive challenger to Germany’s newfound title.
Indeed, most of the other countries in the region are closer to the third and fourth place markets for the continent, which are France and Russia, which have 100 and 90 projects in their pipelines, respectively.
What, then does all this info from the TOPHOTELCONSTRUCTION database mean? Well, it certainly means that Germany is a country and a market for those involved with the hospitality space to pay close attention to moving forward.
Let’s take a look at a few other projects currently underway in Germany:
More information on hotel projects in Germany can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.