The Canadian hotel development pipeline comprises 211 projects totaling 22,276 rooms, according to the June 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 14.9-percent decrease in the number of rooms in the pipeline compared to June 2009.
Among the provinces, Ontario reported the most rooms in the total active pipeline, ending the month with 9,793 rooms, followed by Alberta (4,516 rooms) and British Columbia (2,726 rooms). Alberta ended the month with the most rooms in the In Construction phase (2,405 rooms).
Among the Chain Scale segments, the Economy segment reported the only increase in rooms in the total active pipeline, rising 70.7 percent with 903 rooms. The Upper Upscale segment dropped 71.0 percent with 502 rooms in the total active pipeline, experiencing the largest decrease in rooms in the total active pipeline, followed by the Luxury segment (-25.4 percent with 844 rooms) and the Midscale with Food and Beverage segment (-21.0 percent with 1,362 rooms).
The Luxury segment reported an 124.4-percent increase in rooms in the In Construction phase with 267 rooms, followed by the Upscale segment with an 81.9-percent increase (2,536 rooms).
Canadian pipeline by Chain Scale segment (number of rooms & percent change June 2010 vs. June 2009)
Total Active Pipeline*
Midscale w/ F&B
Midscale w/o F&B
* Includes those projects 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 a 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.
STRprovides 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 HotelNewsNow.com. For more information, please visit www.str.com.