According to Lodging Econometrics (LE) Q3 2022 European Hotel Construction Pipeline Trends report, analysts report that in the At the end of the third quarter, the hotel construction pipeline in Europe stands at 1,660 projects/with 258,476 rooms. Projects under construction in Europe amount to 790 projects/with 126,899 rooms, while projects that plan to start construction in the next 12 months registered 408 projects/with 60,085 rooms. Projects in the initial planning stage have 462 projects/71,492 rooms.Travel activity in Europe has picked up in recent months and is expected to continue through the end of the year. Business-related travel is increasing in the region and hotel bookings in tourist destinations and major European cities are comparable to those seen in 2019. Reflecting a strong recovery and growth in travel and hospitality demand, owners and investors have a positive outlook. for the industry to move forward. Hotel conversions in the region reach an all-time high of 324 hotels/46,977 rooms, a year-over-year (YOY) increase of 51% and 61%, respectively, and the highest counts ever recorded by LE. Hotel renovations in Europe are also on the rise with 150 hotels/22,594 rooms in the third quarter. The main countries in Europe with the most projects under construction are the United Kingdom with 298 projects/45,173 rooms, Germany with 250 projects/43,523 rooms, France with 148 projects/16,611 rooms, Portugal with 126 projects/15,185 rooms and Turkey with record highs of 86 projects/13,532 rooms. The European cities with the largest projects at the end of the third quarter are London with 79 projects/14,139 rooms, Dusseldorf with 44 projects/7,959 rooms and Istanbul with all-time highs of 40 projects/7,548 rooms; followed by Paris with 34 projects/5,379 rooms and Lisbon with 34 projects/3,923 rooms. The main hotel companies in Europe under construction are Accor with 249 projects/33,941 rooms, Marriott International with 197 projects/30,698 rooms, Hilton Worldwide with 177 projects/26,634 rooms and Intercontinental Hotels Group (IHG) with 148 projects/ 20,071 rooms. These four companies represent 46% of the total hotel construction pipeline projects in Europe. That percentage is expected to rise as around 23% of projects in the pipeline have yet to select a brand. The leading brands of these four companies are the Ibis brands by Accor Hotel with 88 projects/10,395 rooms, Tribe by Accor with 25 projects/3,815 rooms and Novotel with 22 projects/3,316 rooms. Marriott International’s top brands at the end of the third quarter are Moxy with 46 projects/7,807 rooms, Autograph Collection with 22 projects/2,952 rooms and Courtyard by Marriott with 19 projects/3,096 rooms. Major Hilton Worldwide brands in Europe are led by Hampton by Hilton with 63 projects/9,628 rooms, Hilton Garden Inn with 39 projects/5,992 rooms and Doubletree by Hilton with 23 projects/3,103 rooms. IHG’s top brands include Holiday Inn Express with 58 projects/8,413 rooms, Hotel Indigo with 17 projects/1,782 rooms and Holiday Inn with 16 projects/2,711 rooms. During the third quarter of 2022, Europe opened 94 hotels/13,637 rooms, bringing the total openings in Europe to date in 2022 to 293 new hotels representing 43,332 rooms. LE analysts expect an additional 98 hotels with 13,041 rooms to open in the fourth quarter for a year-end total of 391 new hotels/56,373 rooms. LE’s forecast for new hotel openings expects 408 new hotels representing 59,684 rooms to open in 2023 and 419 new hotels/60,246 rooms to open in 2024.