A search through the TOPHOTELPROJECTS construction database shows that Central and Eastern Europe’s hotel development is being driven by major international players.
According to our researchers, Central and Eastern Europe’s hotel market will expand by 283 schemes and 65,581 keys in the coming years. We take a closer look at the key trends – and pick out three properties worth keeping a particularly close eye on.
Hotel openings by year in Central and Eastern Europe
The remainder of 2021 is looking rather busy for the region, with 64 hotels and 12,547 keys due to complete before the year is out. No fewer than 40 of these properties are already in the pre-opening phase.
For 2022, the data shows that another 73 launches with 13,655 rooms are scheduled to go live. However, 2023 will look slightly quieter, with just 34 projects and 7,603 keys on the books at present. For 2024 and beyond, 112 more hotels and 31,776 rooms are currently in the pipeline.
Of these 283 new hotels, 170 will be in the four-star segment, while 113 will fall into the luxury five-star category.
Poland leads the way
Interestingly, Poland is by far the fastest growing national hotel market in Central and Eastern Europe – 64 hotels with 12,679 keys are in the works here. Warsaw will be home to seven of these projects, making the Polish capital the third most dynamic urban market in the region.
With 51 properties and 11,366 rooms, meanwhile, Russia comes in second place on our national leaderboard. Its largest city Moscow is also second in terms of urban markets, with ten ongoing projects and 1,478 additional rooms.
Not to be overlooked, Croatia comes in right behind Russia with 32 new schemes, albeit with a remarkable 11,699 keys – even more than Poland. This is due to the fact that the country has a few mega-projects on its development slate.
Montenegro takes fourth place in terms of property count (21), which is set to bring 5,330 rooms into play, while Romania is fifth with 18 upcoming launches and 2,897 keys. And Istanbul is the region’s most active urban market, courtesy of its tally of 14 projects and 2,809 rooms.
Central and Eastern Europe’s most impressive hotel projects
Swissôtel Sofia, which will include 281 hotel rooms as well as serviced residences, is definitely shaping up to be one of the region’s standout properties. Once it opens in early 2023, the scheme will offer guests three stylish dining outlets featuring local and international delicacies, state-of-the-art meeting space including a ballroom, and a contemporary executive lounge. The hotel will also include the brand’s signature spa concept, a Pürovel Spa & Sport facility offering invigorating Alpine-inspired treatments, exercise classes and fitness equipment.
Further north, Portum Towers will launch in Bratislava in early 2024. This 490-room hotel will be part of a mixed-use complex consisting of five buildings and expansive green spaces. Guests will have access to a selection of restaurants, café, canteens and boutiques. A gallery, exhibition space, day clinic, spa, and a relaxation and fitness centre will also be part of the larger development.
Set to open by mid-2022, Park of Poland Hotel will offer 240 rooms and bungalows to guests wanting to stay near the eponymous entertainment complex. As well as providing high-quality lounges and restaurants, the hotel will incorporate 3,600 sq m of conference space, plus a 1,150 sq m ballroom.
Many TOPHOTELNEWS articles draw on exclusive information from the TOPHOTELPROJECTS construction database. This subscription-based product includes details of thousands of hotel projects around the world, along with the key decision-makers behind them. Please note, our data may differ from records held by other organisations. Generally, the database focuses on four- and five-star schemes of significant scale; tracks projects in either the vision, pre-planning, planning, under-construction, pre-opening or newly opened phase; and covers newbuilds, extensions, refurbishments and conversions.
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