The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Europe’s five largest hotel construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
1. Metropole Hotel Renovations
The project involves the renovation of metropole hotel Brussels in Brussels, Brussels Capital Region, Belgium.
Construction work started in Q4 2024 and is expected to be completed in Q4 2025.
2. Dublin Airport Hotel
The project involves the construction of a 22,840m2, 11-story four-star hotel comprising 410 rooms in Leinster, Ireland.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
The project aims to provide better hospitality facilities in the region and will be connected to Terminal II. Buy the profile here.
3. Hotel Chicago
The project involves the construction of a 24,500m2, 120-room and 18-stay apartment hotel in Wilhelminapier, the Netherlands.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
It will be the third hotel of WestCord Hotels in Rotterdam.
4. Q4 Kapfenberg Business Park
The project involves the construction of the Q4 Kapfenberg Business Park on a 1ha area in Kapfenberg, Austria.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2025.
5. Moxy Hotel Budapest
The project involves the construction of a hotel on Kazinczy Street, Budapest, Hungary.
Construction work started in Q4 2024 and is expected to be completed in Q2 2026.
The project aims to provide better hospitality facilities in the region.
For more details on the latest construction projects, buy the profiles here.
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