Almost 2,000 hotels with a total of more than 327,000 rooms are in the construction pipeline across, according to the latest industry reports.
Top Hotel Projects revealed that 639 new hotels are set to open their doors to guests this year, providing an additional 96,482 rooms – some of which had been put on hold since the start of the COVID-19 pandemic.
Next year a further 425 properties are due for completion with 71,779 guest rooms available.
In 2023, 254 hotels with a total of 45,243 rooms will be unveiled and 637 sites offering 114,438 rooms will follow from 2024, the database indicates.
Of Europe’s 1,955 new hotels coming on stream this year, more than two-thirds (1,396 properties) will be in the four-star sector with the other 559 venues in the luxury five-star category.
The UK’s sector is the busiest in Europe with 488 construction projects and 70,531 rooms on offer with London hosting almost a quarter of that total, making it Europe’s top urban hotel market.
Germany (369 ongoing schemes and 58,036 rooms) and France (127 properties and 20,370) follow.
Hampton by Hilton is Europe’s most active brands with plans to open 49 hotels with 7,963 rooms, followed by Radisson Blu Hotels & Resorts (24 properties with 4,569 rooms) and Hilton Garden Inn (24 schemes and 3.814 rooms).
BSG MD Alan King said: ‘It’s an exciting time for the hotel industry after an inevitably slow period of trade due to travel restrictions and lockdowns to tackle the pandemic.
‘Hopefully business has turned a corner now and it’s incredibly positive to see such confidence in the hotel construction sector. I’m optimistic we will see a sustained period of growth now and hotels provide a great opportunity to showcase the green economic recovery.
‘We’re delighted to be playing our part in some of these projects and would be interested in talking to any developers looking to move into this field where we could offer our expertise in sustainable construction.’