The European hotel sector is experiencing significant growth on the back of the travel industry recovery and it is no surprise that new construction projects are leading the way compared to conversions and renovations. According to Lodging Econometrics, by the end of the first quarter of 2024, there were more than 250.000 rooms under construction in Europe, a significant number compared to 74.000 rooms that were in the conversion or renovation phase. Although construction...
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