![]() Upscale projects in Europe are up 3% YOY and account for 26% of projects in the country’s total construction pipeline, settling in at 439 projects/71,178 rooms. The upper upscale chain scale increased 3% by projects YOY, with 284 projects/46,717 rooms. ![]() ![]() Luxury projects increased 2% YOY, just ten projects short of the segment’s all-time high, closing the quarter with 139 projects/18,515 rooms. The luxury, upper upscale, upscale, and economy chain scales in Europe all show YOY increases in project counts compared to Q3 2022 totals. PORTSMOUTH, NH – In the Q3 2023 Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), analysts state that Europe’s total construction pipeline currently stands at 1,673 projects/249,264 rooms, up 1% by projects year-over-year (YOY). Next is Lisbon, with 37 projects/4,070 rooms, then Dublin with 34 projects and a record 6,492 rooms, and Dusseldorf with 30 projects/5,465 rooms. The European cities with the largest pipelines at the close of the quarter are led by London with 79 projects/14,078 rooms and Istanbul, up 20% by projects YOY with a record 48 projects, accounting for 7,936 rooms.
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