Europe is set to see the addition of more than 100,000 new hotel rooms in the next two years, according to industry data from Lodging Econometrics.
The continent is expected to add nearly 49,000 rooms in 2024 as an estimated 350 new properties are scheduled to open their doors. This will be followed by more than 400 hotel openings in 2025 adding another 56,000 rooms to Europe’s inventory.
During the first three quarters of 2023, Europe welcomed 241 new hotels accounting for just over 32,000 rooms, with another 99 properties and 13,500 rooms set to open in the final three months of the year.
The UK continues to see the largest number of new hotel projects in Europe with 322 projects in the “pipeline”, which would add more than 44,000 new rooms in total. Germany is in second place with 201 projects (adding 33,000 rooms), followed by Portugal (125 hotels), France (121) and Turkey (114).
London has the highest number of planned new hotels with 79 projects (adding 14,000 rooms) followed by Istanbul (48 hotels), Lisbon (37), Dublin (34) and Dusseldorf (30).
According to Lodging Econometrics, Europe’s total pipeline of new hotel projects is now 1,673, which is an increase of one per cent on this time last year. These properties would add just under 250,000 new rooms if all the developments go ahead.