Steady growth in Europe’s hotel openings

At the end of Q2 2022, Europe continued to show steady growth in new hotels opening in 2022, opening 188 new hotels with 28,350 rooms in 1H, as per Lodging Econometrics. The region is expected to open another 259 hotels in the next two quarters, for a 2022 year-end forecast total of 447 new hotels. In the next two years, 421 new hotels would open by the end of 2023, with 419 new hotels set to open in 2024. The UK leads Europe’s construction pipeline with 309 projects, Germany with 258 projects, France with 152 projects, Portugal with 123 projects, and Poland with 85 projects in Q2. At the end of Q2 2022, these five countries account for 54 per cent of the projects and 51 per cent of the rooms in Europe’s total construction pipeline. The largest brands are Accor’s Ibis brands with 92 projects, Marriott’s Moxy brand with 51 projects, Hilton’s Hampton by Hilton brands with 69 projects, IHG’s Holiday Inn Express with 60 projects, and Radisson’s Blu brand with 13 projects.