At the end of the third quarter of the calendar year, the Canadian hotel development pipeline includes 216 projects comprising 24,462 rooms, according to the September 2009 STR/TWR/Dodge Construction Pipeline Report released this week.
This represents a 1.8-percent decrease in the number of rooms in the pipeline compared to August 2009 and a 5.3-percent increase in the number of rooms in the pipeline compared to September 2008.
Among the Chain-Scale segments, two segments reported increases in the number of rooms in the In Construction phase for the month. The Upscale segment increased 10.3 percent to 2,118 rooms and the Luxury segment reported a 4.6-percent increase to 682 rooms. The Upper Upscale segment experienced the largest decrease of rooms in the In Construction phase, falling 83.3 percent to 185 rooms, followed by the Midscale with Food and Beverage segment (-10.5 percent to 504 rooms), the Economy segment (-7.1 percent to 79 rooms) and the Unaffiliated segment (-6.7 percent to 1,384 rooms).
Canadian pipeline by Chain-Scale segment (number of rooms & percent change September 2009 vs. September 2008)
* Includes those projects in the In Construction, Final Planning and Planning phases.
About STR/TWR/Dodge Construction Pipeline Report
The Pipeline Report is co-produced by Torto Wheaton Research, Dodge Construction, and the dedicated pipeline team at STR. Available as an annual subscription or a local Market Supply Report, the Pipeline Report is a comprehensive look at new hotel development and existing supply in the U.S. and Canada.
About STR & STR Global
For more than 20 years, Smith Travel Research has been the recognized leader for lodging industry benchmarking and research. Smith Travel Research and STR Global offer monthly, weekly, and daily STAR benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.smithtravelresearch.com or www.strglobal.com.
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