37 New Properties Totaling 4,324 Rooms Opened in Canada During 2012

In 2012, 37 new properties comprising 4,324 rooms opened in Canada, according to data from the STR/McGraw Hill Construction Dodge Pipeline Report. This represents a 0.7-percent increase in existing supply over last year.

Among the Chain Scale segments, the Upper Midscale segment reported the most new rooms, opening 12 properties with 1,300 rooms, followed by the Upscale segment with seven properties and 1,291 rooms. The Luxury segment reported the largest increase (170.4 percent) in new rooms, compared with 2011, with three properties opening 722 rooms.

In 2013, there are 55 properties expected to open in Canada with 5,684 rooms. The Upper Midscale segment is expected to open the most rooms with 23 projects and 2,234 rooms, followed by the Upscale segment (16 properties with 2,295 rooms) and the Unaffliated segment (nine properties with 545 rooms).

In December 2012, the Canadian hotel development pipeline comprised 205 projects totaling 22,444 rooms. This represents a 7.7-percent increase in the number of rooms in the total active pipeline compared with December 2011.


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