Europe’s hotel construction pipeline skyrocketed in 2018, according to a report from Lodging Econometrics, a consultancy. There were 1,569 projects with 244,000 rooms, a 19 percent increase year over year and the highest project and room counts ever recorded. The record counts come despite concerns of slower growth throughout the region, shrinking demand for the region’s exports, Brexit uncertainties, and political tensions in many countries. There are 784 projects (124,674 rooms) currently under construction, 434 projects (68,128 rooms) planning to start construction in the next 12 months, and 351 projects (51,145 rooms) in the early planning stage. The total pipeline and all three stages of the pipeline have counts more than double their cyclical lows set earlier in the decade. Franchise companies with the largest construction pipelines are AccorHotels with 257 projects (34,606 rooms) and Marriott International with 215 projects (35,789 rooms). Next are Hilton Worldwide with 173 projects (26,684 rooms) and InterContinental Hotels Group (IHG) with 147 projects (24,861 rooms). These four companies are responsible for 50 percent of the projects and rooms in the total pipeline.]