Europe shows a decline in hotel pipeline activity, with a 5.4% drop in total rooms under contract, contrasting growth in other regions, per CoStar’s data.
WASHINGTON – Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Hotel pipeline – September 2024 (% change in comparison with September 2023):
Europe
- In construction: 163,135 rooms (-1.0%)
- Final Planning: 87,779 rooms (-21.9%)
- Planning: 162,275 rooms (+1.7%)
- Total Under Contract: 413,189 rooms (-5.4%)
Among countries…
