Construction Pipeline Canada

Canadian Hotel Construction Pipeline Drops 3.4% For June 2014

Canada’s hotel development pipeline comprises 227 projects totaling 24,262 rooms, according to the June 2014 STR Pipeline Report. This represents a 3.4-percent decrease in the number of rooms Under Contract compared with June 2013.

Smith Travel Research

Canada’s hotel development pipeline comprises 227 projects totaling 24,262 rooms, according to the June 2014 STR Pipeline Report. This represents a 3.4-percent decrease in the number of rooms Under Contract compared with June 2013. 

Among the Chain Scale segments, three segments reported increases in rooms Under Contract: the Upper Midscale segment (+12.1 percent with 7,459 rooms); the Economy segment (+5.8 percent with 1,041 rooms); and the Midscale segment (+1.6 percent with 947 rooms). The Luxury segment reported the largest decrease in rooms Under Contract, falling 63.0 percent with 147 rooms. 

The Economy segment jumped 129.6 percent in rooms under construction with 388 rooms, reporting the largest increase in that metric, followed by the Upper Midscale segment (+75.7 percent with 3,295 rooms) and the Midscale segment (+66.7 percent with 100 rooms). 

Canada pipeline by Chain Scale segment

(number of rooms & percent change June 2014 vs. June 2013      

                                   

Chain Scale

Preliminary Existing Supply (As of June 30, 2014)

In Construction

Total Under Contract*

Total

% Change in rooms Under Contract

Luxury

14,155

-

147

-63.0%

Upper Upscale

39,400

1,301

2,083

-2.9%

Upscale

35,532

1,885

6,123

-10.9%

Upper Midscale

63,550

3,295

7,459

+12.1%

Midscale

26,827

100

947

+1.6%

Economy

35,922

388

1,041

+5.8%

Unaffiliated

218,818

248

6,462

-9.3%

Total

434,204

7,217

24,262

+3.4%

* Includes those projects In Construction, Final Planning and Planning phases.

About STR

STR (www.str.com) provides clients - including hotel operators, developers, financiers, analysts and suppliers to the hotel industry - access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics and Hotel News Now. 

 



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