Hotel Market Germany - Number of New Hotel Projects still Increasing
German hotel industry keeps expanding. In the largest European country, the number of new hotel construction projects is still increasing despite of credit crunch. According to tophotelprojects.com 334 new hotels with 60,453 guest rooms are being developed at the present. Most of them are first class hotels (53%). Only twelve percent will become luxury hotels.
Current renovation projects are less: Only 108 existing hotels (13,111 rooms) are to be freshed up, thereof 27 percent luxury and 51 percent first class hotels. Globally more than 3,500 first class and luxury hotel projects (nearly 869,000 rooms) are under construction. Tophotelprojects.com is the leading source for hotel projects.
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