Region overview: 277 new hotels in Central and Eastern Europe [Construction Report]

The TOPHOTELPROJECTS construction database shows that Central and Eastern Europe has 277 planned hotel projects, with Budapest becoming the most active city in the region.

A total of 277 hotels with 63,680 rooms are under study in Central and Eastern Europe, according to our research team. We are learning more about this impressive development list.

Hotel openings per year in Central and Eastern Europe

A total of 124 launches are planned for 2021, adding 23,243 keys to the region’s offering. As for 2022, 49 hotels should open and they will involve 8,804 additional rooms.

For now at least, it looks like things will continue to slow down in 2023 – only 18 properties with 4,317 keys are currently expected to go into service that year. But for 2024 and beyond, 86 more properties and 27,316 rooms have already been planned.

170 of the 277 properties will be in the four star category, while the remaining 107 will be in the five star segment.

The most dynamic national hotel markets

Poland leads our ranking with 62 openings and 12,314 keys, just ahead of Russia with 61 planned launches and 11,392 rooms.

Croatia takes third place with 34 new hotels and an impressive 11,927 keys. This relatively high number of chambers indicates that several large-scale projects have already been lined up across the country.

In Montenegro, 18 hotels will open their doors and add 4,936 rooms to the country’s offerings, with Romania completing the list with its 15 properties and 2,538 keys.

Main urban growth poles in Central and Eastern Europe

The Hungarian capital Budapest will see 14 new hotels welcoming guests in the years to come. These will add no less than 2,585 rooms to the historic city’s offerings.

Elsewhere, Moscow will get 11 additional hotels, while nine new properties will arrive in Prague. And eight projects each are underway in two Polish cities, Warsaw and Krakow.

Did you know that 1,800 hotel projects are in preparation in Europe? Get your free copy of our latest report for more details.

Superb new hotel projects in Central and Eastern Europe

In Poland, Mövenpick Kołobrzeg represents an interesting addition to the portfolio of the popular brand. Mövenpick Hotels & Resorts has signed an agreement with Marvipol Development to create a five-star, 266-key hotel in the popular Baltic Sea resort. From its opening in 2022, guests will enjoy direct access to the beach, as well as a spa and state-of-the-art conference facilities.

The 120-room Ritz-Carlton, Montenegro will be the first property of the iconic luxury brand Marriott International in the country. Scheduled to open in 2023, the project is being developed in partnership between Marriott and Northstar DOO, with funding provided by Al Yasra. The hotel, located just 30 minutes from Tivat International Airport at the top of the Luštica Peninsula, will offer stunning views of the Adriatic Sea. There will be three restaurants, a beach bar, indoor and outdoor pools, a saltwater lido pool, a world-class spa and gym, and well-equipped Ritz Kids and Teen clubs.

In the Czech Republic, Hard Rock International’s European expansion continues at a steady pace, with the company partnering with EP Real Estate to launch the Hard Rock Hotel Letna Prague. This 523-room hotel will be located in the center of Prague and will have a rooftop bar on the top floor, as well as a specialty restaurant with spectacular city views. The property will also include a cafe, which turns into a bar in the evenings and, of course, branded facilities like the Rock Shop, Body Rock Fitness Center, and Rock Spa.

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