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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