Europe will add more than 43,000 hotel rooms during 2024 as an estimated 327 properties are set to open this year across the continent, according to the latest figures from industry analyst Lodging Econometrics (LE).
LE said that 220 new hotels with a total of 29,600 rooms opened in Europe during the first nine months of 2024, with another 107 hotels and nearly 14,000 rooms due to be unveiled in the final quarter of the year. The updated figures are similar to those in LE’s previous update published during the summer.
Looking further ahead, LE is projecting that around 350 new hotels will open in Europe next year, which would add 51,500 rooms, followed by another 426 properties and 57,350 rooms in 2026.
The company noted that…
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