According to the Hotel Construction Pipeline Trend Report for Europe by Lodging Econometrics (LE), the hospitality sector in Europe continues to demonstrate solid growth momentum in the second quarter of 2026, with the region’s hotel construction pipeline reaching a total of 1,736 projects and 255,976 rooms, representing a 3% year-over-year increase. This continental dynamism is accompanied by a strong wave of investment across all development stages, from active construction to early planning, underpinning a steady pace of new hotel openings projected through 2028.

In this European context, Portugal stands out as one of the continent’s primary drivers of hotel investment and development, ranking fifth in the European standings with 115 projects and 13,915 rooms in the pipeline. This volume reflects a 4% year-over-year increase in project count and places the country in an exclusive tier of top-performing markets alongside the United Kingdom, Turkey, Germany, and France, which collectively account for nearly half of all planned new hotel supply in Europe.

The main protagonist of the national performance is the city of Lisbon, which secured third place among European metropolises with the largest hotel expansion. With 40 projects and 4,476 rooms in the pipeline, the Portuguese capital earns a spot on the European urban podium right behind major hubs like London and Istanbul. This positioning reinforces the high appeal and ongoing interest of international investors and hotel chains in the Portuguese market.

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