Monday, September 8, 2014

Lodging Econometrics Reports Europe’s Construction Pipeline Sluggish as Development in the Middle East Picks Up


PORTSMOUTH, NH -- At the end of Q2 Europe’s Construction Pipeline stood at 807 Projects/ 132,187 Rooms, a scant Year-Over-Year (YOY) increase of 8% by Projects and 1% by Rooms.

 Overall Pipeline growth has been lackluster since the cyclical bottom established in 2010. Both Projects Under Construction and Annualized Construction Starts experienced a brief peak in Q3 2012 when projects previously stalled in the Pipeline during the Great Recession migrated forward towards construction as lending first became available.

However, since that peak, both metrics have trended downward for seven consecutive quarters.

For a complete copy of the company’s news release, please contact:

Jennifer McLynch
Marketing Communications Manager
Lodging Econometrics
P: +1 603.431.8740, ext. 16
F: +1 603.431.4418

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